A company estimates that 0.7% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $350. If they offer a 2 year extended warranty for $48, what is the company's expected value of each warranty sold?

Answers

Answer 1

Answer:

$44.90

Step-by-step explanation:

The resulting value for the company of replacing a failed product is given by the price of the warranty minus the cost of replacement:

F = $47-$300=-$253

This event has a 0.7% chance of happening.

The resulting value for selling extended warranty to a product that does not fail is given by the price of the warranty:

W = $47

This event has a 99.3% chance of happening.

The expected value is:

EV = $44 * 0.993 + ($47-$300) *0.007

EV = $44.90

The expected value for each warranty sold is $44.90.


Related Questions

312 x 32 standard algorithm

Answers

Answer:  9984

Step-by-step explanation:

In think you just multiply right cause you dis not give any direct message!?!

hope this helped you in any kind of way!?

Answer:

the answer is 9984

Step-by-step explanation:

312

× 32

_______

+624

+936

______

=9984

choose the apporopriate value for the following statement 16 deliveries in 4 hours is a unit rate of _____ deliveries per hour
A. 4
B.2
C.7
D.8​

Answers

It should be A. 4, I think

A unit rate of 4 deliveries per hour.

What is the rate?

Rate is the special ratio in which two different terms are in different units.  a number, amount, or degree measured in relation to another object. a payment or charge that is calculated depending on another sum. more specifically: the premium per insurance unit. transitive verb rate.

Given that 16 deliveries are done in 4 hours. from that we can drive no. of deliveries in one hour. let's assume deliveries in one hour is x

For, x per hour =  16/4

x per hour is 4

Therefore the appropriate value for the unit rate of 4 deliveries per hour.

Learn more about the rate Here:

https://brainly.com/question/14731228

#SPJ5

Please help! If it’s correct ill mark brainliest!

Answers

Answer:

1. b     2. b

Step-by-step explanation:

1. In the graph it shows a negative slope so we can immediately eliminate a and c since they have a positive slope as shown in the equation. Then the initial value is the y coordinate when x is 0. In the graph you can see that when x is 0 y is 18 so the equation would be h= -3+18

2. In the problem it says that Jennifer is paid $2,200 as a base salary. This means that this is her initial value. Then you can see that she gets paid 300 extra for every car she sales. This is the rate of change. The equation will be y=300x+2,200

fyi 300 goes first because it is the rate of change and those always go first.

hope this helps! :)

Can somebody help me find the perimeter of this figure?

Answers

Answer: P = 64in,

Step-by-step explanation:  P = 17 + 13 + 25 + 9

The equation y =0.7x represents the distance Henry hikes in miles over time in hours. The graph
represents the rate that Cark hikes. Determine which hiker is faster. Complete the explanation


Henry’s unit rate is ___ miles per hour. Clark’s unit rate is 1.5 miles per hour . So, ____ is faster.

Answers

Answer:

Henry’s unit rate is 0.7 miles per hour. Clark’s unit rate is 1.5 miles per hour . So, Ckark is faster.

Step-by-step explanation:

Distance covered by Henry is represented by y = 0.7x, where x = time (hrs), and y = distance (miles).

Distance covered in 1 hour by Henry would be:

y = 0.7(1) = 0.7 miles per hour

Distance covered by Clark in 1 hour = 1.5 miles per hour

Ckark covers more miles per hour than Henry covers in one hour, therefore, Ckark is faster.

please help! Evaluate the following function.
f(x) = -x – 8 for f(-1)

Answers

Answer:

x - 8

Step-by-step explanation:

Plug in -1 for x and you get x - 8

Which sentence best describes the interval [-2,1]

Answers

Answer:

The function is increasing on the interval [-2,1]

Step-by-step explanation:

The best sentence that describes the interval [-2, 1] implies that the function is increasing on the interval [-2, 1].

What is a cubic polynomial function?

A cubic polynomial function is a polynomial function whose power is at 3°. It has a general formula f(x) = ax³ + bx² + cx + d.

where;

a, b, c, and d are real numbers, hence a ≠ 0.

If the data given in the table is represented on the graph, we can see that the data value proceeds in increasing order from negative to positive, as such:

The best sentence that describes the interval [-2, 1] implies that the function is increasing on the interval [-2, 1].

Learn more about cubic polynomial function here:

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lisa an experienced shipping​ clerk, can fill a certain order in 7 hours. ​bill, a new​ clerk, needs
8 hours to do the same job. Working​ together, how long will it take them to fill the​ order?

Answers

Answer:

3.73 hours

Explanation:

In 1 hour, Lisa does 1/7th of the order while Bill does 1/8th of the order in an hour. To find out how long it will take them to fill the order, we have to:

Step 1:

Add the rate of both Lisa and Bill together

1/7 + 1/8

Step 2:

Since both denominators of the fractions are different, you have to find the least common multiple of 7 and 8

7·8= 56    8·7= 56

which is 56.

Step 3:

Then, you have to multiply the numerator of 1/7 with 8 and the numerator of 1/8 with 7.

1·8= 8    1·7= 7

The fractions would now have equal denominators:

Lisa: 8/56    Bill: 7/56

Step 4:

Now, you can add them together

8/56 + 7/56

which equals to 15/56. Both Lisa and Bill together completes 15/56th of the order in 1 hour.

Step 5:

15/56 is not the final answer as it is the RATE of them working together. To find how long it will take them total to complete the order, you must divide 56 with 15.

56/15

which is 3.73 hours in decimal form (rounded).

Divide.
2 3
3 4.

pls and thank you

Answers

Answer:

[tex]\frac{8}{9}[/tex]

Step-by-step explanation:

[tex]\frac{2}{3} / \frac{3}{4} \\=\frac{2}{3} * \frac{4}{3} \\=\frac{8}{9}[/tex]

What is 3(4p - 2) + 2 (5p + 2)

Answers

Answer:

p=1

Step-by-step explanation:

3(4p-2) +2(5p+2)

12p-6 + 10p + 4

12p-10p= 2p

6-4=2

2/2=1

Claire's sunflower is 1 8/10 meters tall. Her sunflower is 5/10 meter taller than Leon's sunflower. how tall is Leon's sunflower?

Answers

Answer:

23/10

Step-by-step explanation:

i know its right

what is 3 3/8 times 4 1/3?

A. 7 1/8
B. 12 1/8
C. 14 3/8
D. 14 5/8

Answers

Answer:

14.625

Step-by-step explanation:

D I think that is The answer

8.9+3.47 i really need help

Answers

the answer is 12.37 hope this helps

X is less than 7 and greater than -7

Answers

Answer:

False

Step-by-step explanation:

& is greater that 7 because you are going back to the nmber like in the negatives

Find f(-2) for f(x) = 2x3x

Answers

Answer:

32

Step-by-step explanation:

Use the given functions to set up and simplify  f (− 2 ) .

First,

Write the problem as a mathematical expression

Then,

Replace the variable  x  with  − 2  in the expression.

Answer:

The answer is 24

Step-by-step explanation:

You would get this by plugging in -2 for X

2(-2)3(-2)

Then with PEMDA do parenthesis first

So (-4)(-6)

Then multiply the final together and you would get..

24

This is because two negatives equal a positive when multiplying.

5. If you receive 24% off of a $100.00 item, what is the final price of the item?
A. $0.24

Answers

Answer:

24% of 100 is 24 meaning you subtract 24 to 100. Giving you $76 as the final price.

Step-by-step explanation:

Hewo can anyone help

Answers

Answer:

Hewo can anyone help

Step-by-step explanation:

I would go with the last option,it looks like it makes sense.

Hope that helped,I have snap if you need anything else :)

Answer:

The last one

Step-by-step explanation:

An elevator descends 36 feet in 3 seconds. What
integer represents the elevator's change in
elevation in feet per a second?

Answers

Answer:

12

Step-by-step explanation:

36/3 = 12

Answer:

it is moving up 12 feet per second

Step-by-step explanation:

divide 36 by 3 and you will get 12 feet

Please find angles s and k

Answers

Answer:

s-64 and k-116

Step-by-step explanation:

Find the ordered pair $(x,y)$ that satisfies the system of equations

Answers

Answer:

(9,6)

Step-by-step explanation:

9+6=15

9-6=3

Answer:

(9,6)

that's the answer

how many license plates can you make when a license plate consists of 6 out of 26 alphabetical letters each of which can be repeated

Answers

idk if this is right bc it’s just a guess but maybe 156 bc that’s 26x6


The available interest rate on a $200,000 house is 7% per year. What are the
monthly payments for a 30 year loan and 15 year loan?

Answers

Answer:

Answer:$303,480

Step-by-step explanation: with excellent credit which is $843 per month for 30 years. So first I did 12 x 30 = 360 since there are 360 months in 30 years. And then 843 x 360 = $303,480. So $303,480 is your answer

Step-by-step explanation:

PLS MAKE ME BRAILYSIST PLSSSSSSSSSSS

Which expression describes the area in square units of a rectangle has a width of 4x^3y^2 and a length of 3x^2y^3

Answers

Area is length x width:

4x^3y^2 x 3x^2y^3

Apply the exponent rule: a^b x a^c = a^(b+c)

4 x 3 = 12

x^3 x x^2 = x^5

y^2 x y^3 = y^5

Combine for final answer: 12x^5y^5

The dependent variable of Ally works in a shop for 18$ per hour

Answers

Answer:

$18 is the dependent variable

Step-by-step explanation:

$18 depends on the duration of time worked. Hope this helps and good luck on your assignment. (mark me brainliest please?)

What is the volume of the rectangular prism below?
2 cm
4 cm
4 cm
64 cm 3
20 cm 3

Answers

32 cm 3
.....................

Answer:

32 cm 2

Step-by-step explanation:

volume of rectangular prism formula: lwh l=length (4) w=width (4) h=height (2) so 4*4 2=v; 32=v hope this helps have a great day! :D

What is five to the second power in expanded form

Answers

Answer:

20+5

Step-by-step explanation:

Becvause 5 to the second power is 25 and 25 in expanded form is 20+5

HOPE THIS HELPS

Amanda has completed 68 deliveries so far this week. She needs to make 85 deliveries for the week. What percentage of her deliveries has Amanda completed?
0

Answers

She has completed 80%

6/15 * 1/2 =

Help please

Answers

The answer is 0.2 because you multiply
6/15 * 1/2 = 1/5

Reduce the numbers with the greatest common factor *cross cross* ex. 6 divided by 2 go into each other which =3
3/15 go into 3(5) 3divided by 3 = 1 15/3=5
= 1/5

One half of a number (use x) is equal to 8 less than the same number.

Answers

Your answer is 16
1/2(16)=8-16
8= 8✅

Write the equation of the line with the given point and slope.
(-5, -3); slope = -3/5

Answers

A line in point slope form is y = mx + b

m = the slope

b = y-intercept

So far our line looks like: y = -3/5x + b

Let's plug -5 into x and -3 into y to solve for b

-3 = -3/5(-5) + b

Let's multiply -5 by -3/5

-3 = 3 + b

Subtract 3 from both sides.

-6 = b

Our line is: y = -3/5x - 6

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