Answer:
I think the answer is 64 sqr foot try that and let me now
Step-by-step answer:
The steps are much easier to follow when we know how many product it sells. The number does not really matter, because we need the profit per item.
Say, the company made and sold 100 items of the product.
The revenue = 100*5 = $500.
On the average, 2 out of 100 are defective and need to be replaced at a cost of $100 each, so
replacement cost = 2* 100 = 200
So net profit for 100 items = $500 -$200 = $300
Net profit for each item = $300/100 = $3.00
Remark: since the product is replaced, no refund is necessary, so revenue stays at $300.
Answer:
The probability that it would take more than four hours to construct a soapbox derby car = 0.1587 or 15.87
Step-by-step explanation:
Given -
Mean
= 3 hours
Standard deviation
= 1 hours
Let X be the no of hours to construct a soapbox derby car
the probability that it would take more than four hours to construct a soapbox derby car =
= 
=
Put 
= 1 -
= 1 - .8413 Using z table
= 0.1587