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:
Let's find the rates at which Melinda and Marcus are saving money and compare them.
Based on the table, we can see that Melinda originally had $75. Then she got $135 in 5 weeks. So the rate of saving money is (135–75)/5 = $12 per week.
This rate is unchanged for the next weeks. As we can see, she got $195 in the next 5 weeks. So she saved $60 more those 5 weeks, or the rate is $60/5 = $12 per week again.
So Melinda saved $12 per week.
As for Marcus, the equation tells us that the rate of saving money is $14 which is the coefficient in front of x.
Hence, t<span>he rate at which Melinda is adding to her savings each week is 2$
less than the rate at which Marcus is adding to his savings each week.</span>
Answer:
y=5x-1 I think because the snd option doesn't make sense but you should try y =5x-1
Answer:
I would set this up as:
let: lesser number = x
greater number = 2x + 5
Restating the word problem:
lesser number + greater number = 38
x + 2x + 5 = 38
Solving: 3x + 5 = 38
- 5 -5
---------------
3x = 33
--- ---
3 3
x = 11
Substitution for the greater number:
2(11) + 5
22 + 5
27
