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

Write the expanded form of the expression.
y(0.75+4)​

Answers

Answer:

25

Step-by-step explanation:

Answer:4.75y

Step-by-step explanation:

Which of the following is the equation of the line that is parallel to
y= 3/5x+ 8 and goes through point (-10,4)?
Select one:
a. y = 5/3x + 20 2/3
b. y=-5/3x – 12 2/3
c.y= 3/5x + 10
d. y = -3/5x-2

Answers

Answer:

C

Step-by-step explanation:

We want to write the equation of a line that is parallel to:

[tex]y=\frac{3}{5}x+8[/tex]

And also passes through (-10, 4).

Remember that parallel lines have the same slope.

The slope of our old line is 3/5.

Therefore, the slope of our new line is also 3/5.

We know that it passes through (-10, 4). So, we can use the point-slope form:

[tex]y-y_1=m(x-x_1)[/tex]

Where m is the slope and (x₁, y₁) is a point.

So, let's substitute 3/5 for m and let (-10, 4) be our (x₁, y₁). This yields:

[tex]y-(4)=\frac{3}{5}(x-(-10))[/tex]

Simplify:

[tex]y-(4)=\frac{3}{5}(x+10)[/tex]

Distribute on the right:

[tex]y-4=\frac{3}{5}x+6[/tex]

Add 4 to both sides:

[tex]y=\frac{3}{5}x+10[/tex]

So, our answer is C.

And we're done!

Step-by-step explanation:

Hey there!

The equation of a st.line passing through point (-10,4) is ;

(y-y1)= m1(x-x1) [one point formula]

Put all values.

(y - 4) = m1( x + 10)..........(i)

Another equation is; y = 3/5 + 8.............(ii)

From equation (ii)

Slope (m2) = 3/5 [ By comparing equation with y = mx+c].

As per the condition of parallel lines,

Slope of equation (i) = slope of equation (ii)

(i.e m1 = m2 )

Therefore, the value of m1 is 3/5.

Putting value of slope in equation (i).

[tex](y - 4) = \frac{3}{5} (x + 10)[/tex]

[tex](y - 4) = \frac{3}{5} x + \frac{3}{5} \times 10[/tex]

[tex](y - 4) = \frac{3}{5} x + 6[/tex]

[tex]y = \frac{3}{5} x + 10[/tex]

Therefore the required equation is y = 3/5x + 10.

Hope it helps...

The total amount of money that he had deposited into his account at the end of March is .

Answers

Tenía casi todo el dinero que tenía depositado en mi cuenta de banco

You buy 3.18 pounds of pears, 1.45 pounds of oranges , and 2.79 pounds of peaches what is your total bill
pears-0.99 per pound
oranges-1.19 per pound
peaches-1.29 per pound (round to the nearest cent)

Answers

Answ32fn333w3243333

Step-by-step explanation:

euefuehgegwhed

Richard and Gloria ran a 10-kilometer race. Gloria gave Richard a head start by letting him begin 2.2 kilometers in front of the start line. The distances of Richard and Gloria past the start line as the race progressed can be represented by linear functions and are shown in the table of values and graph below. Whose time was faster, and by how much?


Richard’s Distance Past the Start Line
Time (minutes)
5
10
15
20
25
Distance (kilometers)
2.8
3.4
4.0
4.6
5.2

A graph titled Gloria's Distance Past the Start Line has time (minutes) on the x-axis and Distance (kilometers) on the y-axis. A line goes through points (5, 0.8), (10, 1.6), (15, 2.4), (20, 3.2) and (25, 4).
Gloria’s time was 0.5 minutes faster.
Richard’s time was 0.5 minutes faster.
Gloria’s time was 2.5 minutes faster.
Richard’s time was 2.5 minutes faster.

Answers

Answer: the answer is C. Gloria’s time was 0.5 minutes faster.

Step-by-step explanation: i just took the test

What is 6 1/2 doubled?

Answers

Answer:

13

Step-by-step explanation:

6 1/2 x 6 1/2

or

6.5 + 6.5 =13

6+6=12

0.5 + 0.5=1

12+1=13

the double of 6 1/2 is 26/2, which simplifies to 13

To find the double of 6 1/2, we first convert the mixed number 6 1/2 to an improper fraction. We multiply the whole number (6) by the denominator (2), which gives us 12. Then, we add the numerator (1) to get 13. So, 6 1/2 as an improper fraction is 13/2.

To double this fraction, we multiply the numerator (13) by 2, resulting in 26. The denominator remains the same (2). Therefore, the double of 6 1/2 is 26/2, which simplifies to 13. In other words, doubling 6 1/2 gives us the whole number 13.

Learn more about fraction here

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PLEASE HURRRY!!!! WILL GIVE BRAINLIEST

Answers

Answer: $1150

Step-by-step explanation:

[tex]p +\frac{1p}{2} =1750[/tex]

[tex]\frac{2p}{2} +\frac{1p}{2} =1750[/tex]

[tex]\frac{3p}{2} =1750[/tex]

[tex]3p = 3450\\[/tex]

[tex]p = 1150[/tex]

A work shift for an employee at a restaurant consists of 12 hours what fraction of the employees work shift is represented by 8 hours

Answers

Answer

b

Step-by-step explanation:

plz help help help help help

Answers

Answer:

23(14) +23(33)

Step-by-step explanation:

23(14+33)

Distributive Property

3 questions on percentage ❤️

Answers

Answer:

Question 1: 131.25 Question 2: 83.33 Question 3. 133.33

Step-by-step explanation:

1. 131.25% x 150

2. Trial and error

3. 60 ÷ 45%

what is -1 as a decimal ​

Answers

Answer:

-1.0

Step-by-step explanation:

Raul and Ivan each make a number pattern, as described.
• Raul's pattern: start with 15, add 2
• Ivan's pattern: start with 11, add 3
What number in Raul's pattern and in Ivan's pattern is the same in a pair of corresponding terms?
(A) 17
(b) 21
(C) 23
(D) 26
23
26

Answers

Answer:

Option C. 23

Step-by-step explanation:

To know the correct answer to the question given above, let us determine the sequence of Raul and Ivan. This is illustrated below:

From the question given above,

Raul's pattern: start with 15, add 2

Ivan's pattern: start with 11, add 3

For Raul:

Raul's pattern: start with 15, add 2

1st term = 15

2nd term = 15 + 2 = 17

3rd term = 17 + 2 = 19

4th term = 19 + 2 = 21

5th term = 21 + 2 = 23

6th term = 23 + 2 = 25

For Ivan:

Ivan's pattern: start with 11, add 3

1st term = 11

2nd term = 11 + 3 = 14

3rd term = 14 + 3 = 17

4th term = 17 + 3 = 20

5th term = 20 + 3 = 23

6th term = 23 + 3 = 26

Summary

Term >>>>> Raul >>>>>> Ivan

1 >>>>>>>>> 15 >>>>>>>> 11

2 >>>>>>>>> 17 >>>>>>>> 14

3 >>>>>>>>> 19 >>>>>>>> 17

4 >>>>>>>>> 21 >>>>>>>> 20

5 >>>>>>>>> 23 >>>>>>>> 23

6 >>>>>>>>> 25 >>>>>>>> 26

From the calculations made above, we can see that in the 5th term, both Raul and Ivan has the same number as 23.

Can someone explain how to solve these? I have 10 questions I need to answer for problems like this & I can't go on until I solve it, so I just need the answer for this one and how to solve it. I need it finished fast because I need to bring up a low grade. Any help would be appreciated.

Answers

the value of x is 32°. i believe they’re called internal inverses? it’s because lines m and n are parallel. i’m not sure how else to explain, hope this helped!

what is the fifteenth term in the sequence 12, 24, 36, 48, 60,...? A72 B76 C96 D180

Answers

Answer:

D)180

you go 12+ so the nth term is 12n, then substitute the n with the term you're looking for, in this case it is 15: 12(15) = 180

Answer:

180

Explanation:

Select the correct answer.
The zeros of a quadratic function are 6 and -4. Which of these choices could be the function?
ОА,
f(x) = (x-6)(x-4)
OB.
fx) = (x-6)(x + 4)
fx) = (x + 6)(x + 4)
OD.
AX) = (x + 6)(x-4)
Algebra

Answers

You answer is the second one

6th grade math i mark as brainly​

Answers

Step-by-step explanation:

i mean I never did that in six grade

The opposite of negative 50

Find g(6) when g(x) = x2-5

Answers

Answer:

g(6) = 31

Step-by-step explanation:

If g(x) = x^2 - 5, that means to solve for g(6) you just have to replace the x in the equation with 6.

g(6) = 6^2 - 5

g(6) = 36 - 5

g(6) = 31

Answer:

g(6)=31

Explanation:

We are given the function:
g(x)=x^2-5
We want to find g(6), therefore we should substitute 6 in for each x in the function.
g(6)=(6)^2-5
Solve according to PEMDAS: Parentheses, Exponents, Multiplication, Division, Addition, and Subtraction.
Evaluate the exponent. 6^2 is equal to 6*6 which is equal to 36.
g(6)=36-5
Subtract 5 from 36.
g(6)=31

g(6) is equal to 31 for the function g(x)=x^2-5

A local road rises 15 feet for every 309 feet of highway . What is the slope of the highway

Answers

The slope is =0.0485

(x-y)(x-y+1)² -2(x-y)(x-y+1)+x-y
help ASAP pleasee!!

Answers

Step-by-step explanation:

If u are looking for factorization this is the way

(x-y)(x-y+1)² -2(x-y)(x-y+1)+(x-y)=

(x-y)[(x-y+1)^2-2(x-y+1)+1]=

(x-y)[(x-y+1)^2-2(x-y+1)+1^2]=

(x-y)[(x-y+1)-1]^2=(x-y)(x-y+1-1)^2

(x-y)(x-y)^2=

(x-y)^3

Stan’s Skate Shop is having a sale on skateboards. The original price for its Extreme Skate Board was $84.50. The sale price for the skateboard is $50.70. What is the percent decrease in the price of the skateboard?

Answers

Answer:

It is 60%

Step-by-step explanation:

84.50 x 0.60% = 50.7 (also 50.70)

I hope my answer helps even though I am in middle school :)

The required percent decrease in the price of the skateboard is 40%.

The original price for its Extreme Skate Board was $84.50. The sale price for the skateboard is $50.70. What is the percent decrease in the price of the skateboard is to be determined.

What is the percentage?

The percentage is the ratio of the composition of matter to the overall composition of matter multiplied by 100.

Here,
Original price = $84.50
sale price = $50.70
Percent decrese = 84.50-50.70/84.50 × 100 = 40%

Thus, the required percent decrease in the price of the skateboard is 40%.

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Most universities and colleges require an SAT score as one of the inputs to an admissions decision. Is it a good predictor of college success? Total SAT scores for 10 students are given, along with their college GPAs.

Answers

It is a good thing for some to have SAT score requirements in advance to see the progress they have made in school. On the other hand some students tend to get nervous on taking serious test like these so the outcome could be pretty bad and affecting their scores. Yes students could retake the test but some are unable to afford to retake it so that would be a major problem as well. In all SAT score requirements could be for good or turn out to be the worst for students.

I need help, how do I do this?

Answers

The answer is 128 because 4·4·4+8·8=128

place value of 30,542​

Answers

Answer: ten-thousand

Not completely sure if this is what you're asking for... If not, explain better pls!

I just need to know what's Nine sixty-eight thousand one hundred twenty-three
is in numbers bc

idk my brain is kind of jumbled rn​

Answers

i think it is 968,023 but hope it helps if it is right!

the difference of a number and 10 is at least 5 more than 9 times the number

Answers

Answer:

x-10 ≥ 9x+5

x ≥ 9x+15

-8x ≥ 15

x ≤ 15/-8

Devin has 39 toy blocks. What is the value of the digit 9 in the number

Answers

Answer:

The value of the digit 9 is in the ones place.

Step-by-step explanation:

1     Hundreds

1     Tens

1     Ones        <----------------

.     Decimal point

1     Tenths

1     Hundredths

1     Thousandths

Round 733,712 to the nearest thousand
733,712 ~

Answers

Answer:

734,000

Step-by-step explanation:

The thousands digit is the fourth digit from the right (1000) so we start by underlining that digit.

733,712

Look at the digit to the right of the underlined digit. If the number is 5 or more, add one to the underlined digit. Since 7 is 5 or more, we add one to the underlined digit.

All of the digits behind the underlined digits turn to zeros to hold the place values.

734,000

You have discovered another alien. Find the correct rescue path before answering this question. When the spaceship starts from a point on the y axis, what is the y-intercept of the line of travel? the x-coordinate of the spaceship the y-coordinate of the spaceship the y-coordinate of the alien the distance from the spaceship to the alien

Answers

Answer:

the y-coordinate of the spaceship

Step-by-step explanation:

It's what it said on edge

Answer

b

Step-by-step explanation:

Work out this problem: 2x + 3x -12x Show you work

Answers

Answer:

-7x

Step-by-step explanation:

2x + 3x - 12x

Add 2x + 3x, resulting in 5x

5x - 12x = -7x

It's negative because the -12 is the bigger number.

Hope this helps :D

solve for y.
[tex]y + 10x = 3[/tex]
[tex]y + 10x = 3[/tex]

Answers

Y+10x=3

Y=3-10x

Hope this helped :)
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