1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notsponge [240]
3 years ago
8

Suppose that you own a store that sells a particular stove for $1,000. You purchase the stoves from the distributor for $800 eac

h. You believe that this stove has a lifetime which can be faithfully modeled as an exponential random variable with a parameter of lambda = 1/10, where the units of time are years. You would like to offer the following extended warranty on this stove: if the stove breaks within r years, you will replace the stove completely (at a cost of $800 to you). If the stove lasts longer than r years, the extended warranty pays nothing. Let $C be the cost you will charge the consumer for this extended warranty. For what pairs of numbers (C,r) will the expected profit you get from this warranty be zero. What do you think are reasonable choices for C and r? Why?

Mathematics
1 answer:
lubasha [3.4K]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
Pls help with this, I'm confused
Viktor [21]

Answer:

Step-by-step explanation:

3 0
3 years ago
4x - 3y = 17 5x + 4y = 60
V125BC [204]
Y=5
X=8
Is your x and y 
6 0
3 years ago
Read 2 more answers
Scientific notation for 7×10^9​
Alex17521 [72]

Answer:

7,000,000,000

Step-by-step explanation:

7×10^9

The number after ten is how many zeros you put.

5 0
3 years ago
Read 2 more answers
Perform the indicated row operations:<br> -10r2 r2 3r3 <br> [2 -1 -4|7] [0 3 -2|5] [0 10 8|2]
n200080 [17]

Answer:

Second one is -30, 20, -50

Third one is 30, 24, 6

Step-by-step explanation:

6 0
3 years ago
Which graph should Laila choose? Explain your reasoning by completing the sentence. Click arrows to choose an answer from each m
Leno4ka [110]

Answer:

box plot

Step-by-step explanation:

6 0
3 years ago
Other questions:
  • Chloe has 20 unit cubes.How many different rectangular prisms can she build with the cubes?
    10·2 answers
  • True or false A ratio shows a relationship between like values
    14·1 answer
  • If a pizza with a diameter of 12 inches costs $10.99, based on area, about how much should a 15-inch pizza cost?
    7·1 answer
  • If the range of the function f(x) = 4x – 3 is {11.4, 15, 17, 29}, what is its domain?
    15·2 answers
  • To get to your school, 25 of the students walk, 13 of the students ride the bus, and the rest come in cars. How many students co
    8·1 answer
  • Write the decimal as a fraction ​
    9·1 answer
  • What is 81 to the 1/4 power
    8·2 answers
  • Eliza and her mother have a combined age of 51 years. If her mother is 39 years old , how old is Eliza?
    14·1 answer
  • HELPPP FOR BRAINLEST PLEASE
    14·1 answer
  • I would like to know how to solve this problem.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!