Answer:
Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.
The maximum EMV of profit you can make is 270.
Explanation:
We can use the following method to solve the given problem
Solution:
Using EMV analysis,
EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240
EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270
EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260
Largest EMV= 270; Choose to purchase 7 units for resale.
Step-by-step explanation:
Hopefully this helps :)
The probability is 0.006, or 0.6%.
This is binomial; there are a fixed number of trials (10), the events are independent (the chances of one occurring do not affect the chances of the other occurring), and there are two outcomes (either right or wrong).
He must get 6 of the 10 questions correct, so k is 6 and n is 10. The probability of getting a question correct is 1/5=0.2; the probability of getting a question incorrect is 4/5=0.8.
The value a = 4 will always yield a correct answer.
We know this by solving for a. If we do this, we will get the number needed.
a(x + 3) < 5x + 15 - x -----> simplify like terms
a(x + 3) < 4x + 15 -----> divide by x + 3
a < 4 + 3/(x + 3)
Since a is less than 4 plus a number, we know that a will always be less than 4. So we can use 4 as the number for all real solution.
Answer: A
Step-by-step explanation:
5 x 7 x 8 x 9
5 x 7 = 35
35 x 8 = 280
280 x 9 = 2520