Mathematics, 18.12.2019 07:31, Winzen07
Suppose that you own a store that sells a particular stove for $1,000. you purchase the stoves from the distributor for $800 each. you believe that this stove has a lifetime which can be faithfully modeled as an exponential random variable with a parameter of lambda = 1/10, where the units of time are years. you would like to offer the following extended warranty on this stove: if the stove breaks within r years, you will replace the stove completely (at a cost of $800 to you). if the stove lasts longer than r years, the extended warranty pays nothing. let $c be the cost you will charge the consumer for this extended warranty. for what pairs of numbers (c, r) will the expected profit you get from this warranty be zero. what do you think are reasonable choices for c and r? why?
Answers: 3
Mathematics, 21.06.2019 16:50, sindy35111
Ahiking trail is 6 miles long. it has 4 exercise stations, spaced evenly along the trail. what is the distance between each exercise station?
Answers: 3
Mathematics, 21.06.2019 17:00, MrKrinkle77
Igor stravinsky tires sells approximately 3,760,000 car tires and 1,200,000 truck tires each year. about 47,000,000 care tires and 26,000,00 truck tires are sold each year in the united states. what is stravinsky's market share in each of these two markets (cars and trucks)?
Answers: 1
Suppose that you own a store that sells a particular stove for $1,000. you purchase the stoves from...
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