Mathematics
Mathematics, 09.11.2020 20:50, Gideon3291

An electronics retailer offers an optional protection plan for a mobile phone it sells. Customers can choose to buy the protection plan for \$100$100dollar sign, 100, and in case of an accident, the customer pays a \$50$50dollar sign, 50 deductible and the retailer will cover the rest of the cost of that repair. The typical cost to the retailer is \$200$200dollar sign, 200 per repair, and the plan covers a maximum of 333 repairs. Let X be the number of repairs a randomly chosen customer uses under the protection plan, and let F be the retailer's profit from one of these protection plans. Based on data from all of its customers, here are the probability distributions of X and F:

X=\# \text{ of repairs}X=# of repairsX, equals, \#, start text, space, o, f, space, r, e, p, a, i, r, s, end text 000 111 222 333

F=\text{ retailer profit}F= retailer profitF, equals, start text, space, r, e, t, a, i, l, e, r, space, p, r, o, f, i, t, end text \$100$100dollar sign, 100 -\$50−$50minus, dollar sign, 50 -\$200−$200minus, dollar sign, 200 -\$350−$350minus, dollar sign, 350

Probability 0.900.900, point, 90 0.070.070, point, 07 0.020.020, point, 02 0.010.010, point, 01

Find the expected value of the retailer's profit per protection plan sold.

answer
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:30, edgarnino13
Maria donates a fixed amount, a, to a charity each month. if she donates $300 in 12 months, what is the equation for a? a. a + 300 = 12 b. a × 300 = 12 c. a × 12 = 300 d. a + 12 = 300 e. a + 32 = 100
Answers: 3
image
Mathematics, 21.06.2019 16:00, pr47723
When turned about its axis of rotation, which shape could have created this three-dimensional object?
Answers: 3
image
Mathematics, 21.06.2019 18:00, cheerthi16
Sandy is ordering bread rolls for her party, she wants 3/5 of the rolls to be whole wheat. what other factions can represent part of the rolls that will be whole wheat? shade the models to show your work.
Answers: 1
image
Mathematics, 21.06.2019 19:00, Mariaisagon9050
Will give brainliest plz hurry lexie surveyed 4 teenagers to find out approximately how many hours, per week, they read for fun, and how many siblings they have. brooke said she reads about 10 h a week for fun, and that she has 5 siblings. celia said she has 1 brother and 1 sister and reads for fun about 3 h each week. henry said he has 2 brothers and reads for fun about 30 min each week. jude said he doesn't read for fun and has 3 brothers and 3 sisters. use this information to complete the data table. express your answers as whole numbers or decimals. name hours of fun number of siblings brooke celia __ henry jude
Answers: 2
Do you know the correct answer?
An electronics retailer offers an optional protection plan for a mobile phone it sells. Customers ca...

Questions in other subjects:

Konu
Mathematics, 16.01.2020 07:31
Konu
Mathematics, 16.01.2020 07:31
Konu
Business, 16.01.2020 07:31