Whats the rest of the question?
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.
Rectangle formula 1/2 ×b × H × l
= 1
___ × 4 × 86 × 2 = 344 totally answer
2
Answer:
400315
Step-by-step explanation:
get a calculator
