Answer:
The expected value of each warranty sold is $23.8.
Step-by-step explanation:
0.8% probability of the product failling.
If the product fails, the company will lose 400 - 27 = $373. So a net value of -373.
100 - 0.8 = 99.2% probability of the product not failling.
If the product does not fail, the company gains $27.
What is the company's expected value of each warranty sold?
We multiply each outcome by its probability.
0.008*(-373) + 0.992*27 = 23.8
The expected value of each warranty sold is $23.8.
Answer:
F(x)= (x-5)(x+3)
Step-by-step explanation:
we have two roots/ X-intercepts meaning we can assume that it is a quadratic function
Answer:
you can't solve this because it's not an equation
Step-by-step explanation:
Answer:
A. 43.5 units
Step-by-step explanation:
(8×4)+(½×3×4)+(½×3×2)+(½×5×1)
= 32+6+3+2.5
=43.5 units
Answer:
y = (5/7)x + 3
Step-by-step explanation:
We use the form y = mx + b. Substituting (5/7) for m, 7 for x and 8 for y, we get:
8 = (5/7)(7) + b, or 8 = 5 + b. Thus, b = 3, and the desired equation is
y = (5/7)x + 3
