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
Bad White [126]
3 years ago
9

A computer store has purchased three computers of a certain type at $500 apiece. It will sell them for $1000 apiece. The manufac

turer has agreed to repurchase any computers still unsold after a specified period at $200 apiece.Let X = # of computers sold, & p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.With h(X) = profit associated with selling X units = revenue –cost of X computers.Find E[h(X)]
Business
1 answer:
Yuliya22 [10]3 years ago
8 0

Answer:

$700

Explanation:

Given.

X = Number of Computers Sold

p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.

h(x) = Revenue - Cost

Revenue = 1000X + 200(3 - X)

Cost = 1500

So, h(X) = 1000X+ 200(3 - X) - 1500

h(X) = 1000X + 600 - 200X - 1500

h(X) = 800X - 900

The possible range of Computer sold is 0 to 3 (I.e p(0) to p(3))

Hence, we'll solve for h(0) to h(3)

h(0) = 800(0) - 900

h(1) = 0 - 900

h(0) = -900

h(1) = 800(1) - 900

h(1) = 800 - 900

h(1) = -100

h(2) = 800(2) - 900

h(2) = 1600 - 900

h(2) = 700

h(3) = 800(3) - 900

h(3) = 2400 - 900

h(3) = 1500

Calculating E(h(x))

E(h(x)) = p(0).h(0) + p(1).h(1) + p(2).h(2) + p(3).h(3)

So,

E(h(x)) = 0.1 * -900 + 0.2 * -100 + 0.3 * 700 + 0.4 * 1500

E(h(x)) = -90 - 20 + 210 + 600

E(h(x)) = 700

So, E(h(x)) = $700

You might be interested in
Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that s
In-s [12.5K]

Answer:

Multinational enterprises (MNEs)

Relationship Change as the MNE moves from Globalization 2.0 to Globalization 3.0 operations:

This move means that Indian and Chinese companies would be competing with my local small firm.  The MNE may be looking for cheaper prices for my company's products and services, which the Indian and Chinese companies would more efficiently supply it.  My firm may be on the precipice of liquidating if this MNE is our major customer.  My firm must move fast to become more competitive by differentiating our products and services with better quality and perhaps reduced production costs, to enable it compete more favorably with the Indian and Chinese competitors.  Otherwise, we may regard the relationship as nearing its end and prepare for other opportunities with other companies.

Explanation:

Globalization reduces national boundaries by integrating national economies into a globalized economy, thus enabling companies to compete globally for financial resources, goods, and services.  When Globalization 1.0 happened, countries were globalized and the world became a global village.  When Globalization 2.0 from which the G7 profited largely, companies were globalized.  With the current Globalization 3.0, individuals are being globalized, and the highest beneficiaries are Indian and Chinese nationals who appear better prepared to take on the world, garner most of the important resources to themselves, and call the shots from the boardrooms.  An example is Microsoft's current CEO, Satya Nadella, who is an Indian-American.

4 0
3 years ago
The management team at Imagine Advertising is trying to land a new client. Carla, the CEO, has set targets for how much the cont
Liono4ka [1.6K]

Answer:

B) leading

Explanation:

Leading is a function of management which involves using influence to motivate employees and clients to achieve organisational and client goals respectively. Dominic and Stella possess the leading function due to their ability to influence the clients on how Imagine Advertising will help the clients achieve their goals.

5 0
3 years ago
Keegan, a distribution specialist, has been looking for ways to improve the flow of parts and materials from his company's wareh
bezimeni [28]

Answer:

The correct answer is letter "A": True.

Explanation:

Inbound logistics refers to goods entering a company being shipped, processed and delivered. Inbound logistics is concerned with the relationship between companies and their suppliers. Inbound logistics is related to all inner processes a firm carries on to manufacture a product until it leaves the company for retail.

3 0
3 years ago
What does s1 stand for in the formula to calculate moving averages?
elena-14-01-66 [18.8K]
In medical terms it would be the first sacral vertebra through the fifth sacral vertebra

4 0
3 years ago
How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by elimi
kupik [55]

Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.

<h3>Why are trade agreements important?</h3>

Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.

Thus Option C is correct about the trade agreement.

For more information about the Trade agreement refer to the link:

brainly.com/question/1550074

7 0
2 years ago
Other questions:
  • Consider the figures below and determine which is the best description of what causes the shift from ad1 ad1 to ad2 ad2.
    12·1 answer
  • Allison engines corporation has established a target capital structure of 40 percent debt and 60 percent common equity. the firm
    7·1 answer
  • Suppose that when a student is caught lying about completing his homework, he is not allowed to participate in afternoon recess
    15·1 answer
  • What goals do the organizers have? What would mark a successful solution for them. Where does that solution fit on the Business
    12·1 answer
  • The ___ is a government agency that protects consumers from dangerous or falsely advertised products.
    7·1 answer
  • Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. 11) The firm has 55,000 shares of stock
    8·1 answer
  • Which of the following is a general two-year college level degree
    5·2 answers
  • The future of crime-and-justice reality provides for differing scenarios. the scenario that portrays the commercial media as ope
    15·1 answer
  • The Dry Dock is considering a project with an initial cost of $118,400. The project'scash inflows for years 1 through 3 are $37,
    6·1 answer
  • Which of the following are ways in which most neo-Freudian theorists differ from Freud, according to the text
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!