Let x be the required waranty period, then
P(X < x) = P(z < (x - 12)/(8/12)) = 1 - 0.067 = 0.933
P(z < 12(x - 12)/8) = P(z < 1.498)
12(x - 12)/8 = 1.498
x - 12 = 8(1.498) / 12 = 0.9987
x = 12 - 0.9987 = 11
Therefore, they should waranty for 11 years so that no more than 6.7% fail within that time.
cost of production = %13
Let the price be p, then
revenue less price of failed iron = p - 0.067(13) = p - 0.871
Profit = p - 0.871 - 13 = 5
p - 13.871 = 5
p = 5 + 13.871 = 18.871
Therefore, the should charge $18.87 per waffle iron.
Answer:
Step-by-step explanation:
Answer:
s= 30000+1500x
Step-by-step explanation:
Given data
Le the number of years be x
His salary for the first year is $30,000
5% of $30,000
=5/100*30000
= 0.05*30000
= $1500
Hence for x years the salary can be described as
s= 30000+1500x
Answer:
£162.35.
Step-by-step explanation:
Total of letters + packages = 300.
Number of packages = 300 * 16 / ( 16+59)
= 300 * 16/75
= 64
So number of letters = 300 - 64 = 236.
No. of first class letters = 236 * 1/4 = 59.
No. of 2nd class letters = 236 - 59 = 177.
Total cost
= 64*1.2 + 0.52*59 + 0.31*177
= 162.35.
Answer:
19.5 miles per hour
Step-by-step explanation:
We need to change 20 minutes to hours
1 hours = 60 minutes
20 minutes * 1 hour/60 minutes = 1/3 hour
To find miles per hour we take the miles and divide by hours
6.5 miles
---------------- = 19.5 miles per hour
1/3 hours
