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
seropon [69]
3 years ago
7

6. A company estimates that .6% of its products will fail after the original warranty period but within a 5-year warranty period

, with a replacement of $450. If they offer a 5-year extended warranty for $60, what is the company’s expected value for each policy sold? (round to the penny)
Business
1 answer:
Nitella [24]3 years ago
4 0

Answer:

The answer is: $57.30

Explanation:

To determine the expected value of each warranty policy that was sold, we can use the following formula:

expected value = policy price - (probability of failure x cost of replacement)

expected value = $60 - (0.6% x $450)

expected value = $60 - $2.70 = $57.30

You might be interested in
2. An employee has filed a discrimination lawsuit, because although fully qualified, he was not hired for a
romanna [79]

Answer:

The McDonnell Douglas test will be applied

Explanation:

i searched each answer to see if it would apply with the question and when i finished the quiz it said i got it right

4 0
3 years ago
Describe how an unrelated tenant in common or joint tenant should protect him- or herself from potential liability (for negligen
Pepsi [2]

Answer:

Tenancy in common

Explanation:

This tenant could use a legal agreement known as Tenancy in common. This agreement is established between two people who are co-tenants of a residence, but while one person is interested in purchasing insurance to protect themselves from potential liability, the other tenant is not willing to purchase insurance. In this case, Tenancy in common, allows only one of the tenants to have support with the right of survivorship and in case that tenant dies, the right will not pass to the other tenant.

4 0
3 years ago
Valet Corporation began operations in 2021. An analysis of Valet's debt securities portfolio acquired in 2021 shows the followin
Alexxandr [17]

Answer:

$20,000

Explanation:

Calculation for What amount should Valet report in its 2021 income statement for unrealized holding loss

Using this formula

2021 income statement for unrealized holding loss=Aggregate cost -Aggregate Fair value

Let plug in the formula

2021 income statement for unrealized holding loss=$ 180,000-$ 160,000

2021 income statement for unrealized holding loss=$20,000

Therefore the amount that Valet should report in its 2021 income statement for unrealized holding loss is $20,000

3 0
3 years ago
In the context of the 5S principles, _____ means to keep a process going through training, communication, and organizational str
alina1380 [7]

In the context of the 5S principles, <u>sustain </u>means to keep a process going through training, communication, and organizational structures.

<h3>What is 5S principles? </h3>

5s principles can be defined as the principle that help to show the appropriate way a work place or work environment should be or should be arranges .

The 5S principle are:

  • Sort
  • Set in order
  • Shine  
  • Standardize
  • Sustain

Therefore In the context of the 5S principles, <u>sustain </u>means to keep a process going through training, communication, and organizational structures.

Learn more about 5s principles here:brainly.com/question/10001029

#SPJ1

5 0
2 years ago
Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that there is o
alina1380 [7]

Answer:

Expected loss without insurance = $850

Explanation:

Given:

Probability to got injured or killed = 1 / 1000

Law suit average cost = $850,000

Deductible insurance = $100,000

Expected loss without insurance = ?

Computation of Expected loss without insurance:

Expected loss without insurance = Lawsuit average cost × Probability to get injured or killed

Expected loss without insurance = $850,000 × (1 / 1000)

Expected loss without insurance = $850

8 0
3 years ago
Other questions:
  • Think about the ideal job that you would like to obtain after graduation. Describe this job, the kind of manager you would like
    7·1 answer
  • At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (debit) before adjustment. The
    13·1 answer
  • On May 3, 2020, Pina Company consigned 90 freezers, costing $470 each, to Remmers Company. The cost of shipping the freezers amo
    10·1 answer
  • The original amount of money you deposit in a savings account is the _____.
    8·1 answer
  • Why do his parents want joey and his girlfriend to wait a few years before starting a family
    6·1 answer
  • Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $
    8·1 answer
  • What are the name of the 7 contents
    11·1 answer
  • Recall British Consols first issued in 1700s are considered perpetuities. If a British Consol will pay 100 GBP annually starting
    8·1 answer
  • The WBS includes all the elements included and excluded as described in the Scope
    12·1 answer
  • Which composers career, built on freelance commissions and publishing income, was a model for many romantic composers?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!