Mathematics, 30.07.2020 07:01, ayoismeisalex
Suppose you work for a company that manufactures electronics. The development analysts estimate that 1% of their flagship product will fail within 2 years of the purchase date, with a replacement cost of $ 1800.
A newly hired associate at the company proposes to charge $ 9 for a 2 year warranty.
a. Compute the expected value of this proposal. Let X be the amount profited or lost (by the company) on the warranties and P(X) is the probability. E =
b. Interpret the expected value in complete sentences. (See Example 4.3 in the textbook for an example of this)
c. Write your review of the proposal and address it to VP of marketing and promotions.
Would the proposal benefit the company? Why or why not? Include the new proposed cost, new expected value, interpretation of the new expected value, and explanation of how the new cost was chosen.
Answers: 3
Mathematics, 21.06.2019 19:30, joselinegarciaowyrpf
Asquare picture with sides of 32 inches is to be mounted on a square mat with sides of 52 inches. find the area of the mat that will remain uncovered by the picture.
Answers: 1
Mathematics, 22.06.2019 02:30, lordcaos066
Polynomials plz quick 1: subtract and simplify (–y^2 – 4y – 8) – (–4y^2 – 6y + 3)
Answers: 1
Suppose you work for a company that manufactures electronics. The development analysts estimate that...
Mathematics, 18.11.2019 21:31
Chemistry, 18.11.2019 21:31
Mathematics, 18.11.2019 21:31