Answer:
93.5
Step-by-step explanation:
Answer:
About 151.500
Step-by-step explanation:
Actual answer is 151.528 Just go with mental math.
Answer:
45
Step-by-step explanation:
it wont let me put the
Answer:
256
Step-by-step explanation:
256 X 256 = 65536
Answer:
The expected value of each warranty sold is $23.8.
Step-by-step explanation:
0.8% probability of the product failling.
If the product fails, the company will lose 400 - 27 = $373. So a net value of -373.
100 - 0.8 = 99.2% probability of the product not failling.
If the product does not fail, the company gains $27.
What is the company's expected value of each warranty sold?
We multiply each outcome by its probability.
0.008*(-373) + 0.992*27 = 23.8
The expected value of each warranty sold is $23.8.
