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.
5 multiples of 3 are 3, 6, 9, 12, and 15
Answer:
Last week, she earned a total of $702 last week in commission.
Step-by-step explanation:
To solve this, we first need to find 13% of $5,400.
5,400 x 0.13 = 702
Therefore, Nadia earned a total of $702 last week in commission.
Now, we need to calculate how much money she'll earn in a whole year. So, let's see how many weeks are in a year.
1 year = 52 weeks when rounded to the nearest whole number
702 x 52 = $36,504
Therefore, Nadia earned a total of $36,504 in commission in 2011.
Hope this helps! :D
Answer:
1one is incorrect answer for this question
