A company estimates that 0.8% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $400. If they offer a 2 year extended warranty for $27, what is the company's expected value of each warranty sold?

Answers

Answer 1

Answer:

The expected value of each warranty sold is $23.8.

Step-by-step explanation:

0.8% probability of the product failling.

If the product fails, the company will lose 400 - 27 = $373. So a net value of -373.

100 - 0.8 = 99.2% probability of the product not failling.

If the product does not fail, the company gains $27.

What is the company's expected value of each warranty sold?

We multiply each outcome by its probability.

0.008*(-373) + 0.992*27 = 23.8

The expected value of each warranty sold is $23.8.


Related Questions

At the beginning of the week, Josh had 32 computer games, 133% as many computer games than Peter had. By the end of the week, Josh gave Peter 25% of his computer games. How many computer games did Josh and Peter each have bythe end of the week?

a. Josh had 8 games; Peter had 24 games.
b. Josh had 24 games; Peter had 8 games.
c. Josh had 24 games; Peter had 32 games.
d. Josh had 32 games; Peter had 24 games.

Answers

Answer:

The correct answer is letter c. Josh had 24 games and Peter had 32 by the end of the week.

Step-by-step explanation:

We know that Josh has a total of 32 games, while that value is 133% as many as Peter's, therefore the number of games Peter had at the beginning of the week is:

[tex]josh = \frac{133}{100}*peter\\peter = \frac{josh}{1.33}\\peter = \frac{32}{1.33}\\peter = 24.06[/tex]

At the beginning of the week Peter had 24 games. At the end of the week Josh gave Peter 25% of his games, therefore Peter's total is:

[tex]peter = 24 + 0.25*josh\\peter = 24 + 0.25*32\\peter = 24 + 8 = 32[/tex]

While Josh had:

[tex]josh = 32 - 8 = 24[/tex]

The correct answer is letter c.

Determine the area of the shaded region

Answers

Answer:

61.76 ft^2

Step-by-step explanation:

First find the area of the rectangle without the circle

A = l*w = 14*8 =112

Then find the area of the circle

The diameter is 8 so the radius is 8/2 =4

A = pi r^2 = 3.14 * 16 =50.24

The shaded region is the rectangle minus the circle

112-50.24 =61.76 ft^2

Daisy has 1/8 tank of gas remaining when she pulls into a gas station. After she puts 15 gallons of gas in her car, the gas gauge reads 3/4 full. How many gallons of gas does Daisy’s tank hold?

*Please Show Work*

Answers

Answer:

  24

Step-by-step explanation:

Let t represent the volume of the tank in gallons. Then we have ...

  (1/8)t + 15 = (3/4)t . . . . . . . . . . . adding 15 gallons fills the tank to 3/4

  15 = (6/8 -1/8)t = (5/8)t . . . . . . . subtract 1/8t

  15(8/5) = (8/5)(5/8)t . . . . . . . . . multiply by 8/5 (the inverse of 5/8)

  24 = t

The tank holds 24 gallons.

I need help with this questions

Answers

i believe it is the first one.

Answer:

The second choice.

Step-by-step explanation:

The radius of inscribed circle is 10 what is the perimeter of square cabd

Answers

Answer:

P=80

Step-by-step explanation:

R= 10  

P = R*2 *4

P of a square = 10*2 *4 = 80

Just divide by any fraction of the squares ratio.

ie) if square = 2/3 of the length of the circle then 80 x 2/3 = 53.333...

ie) if square = 3/4 of the length of the diameter of the circle then 80 x 3/4 = 60

As 3/4 pf 10 = 7.5

7.5 * 2  = 15

15* 4 = 60

Howver the square is outside of the circle as described circle inscribed exactly how much if it fits exactly then the length will be same as circles diameter = 10*2 = D;20.

20 *4 = 80. P;80

Etc.

Captain Gabriela has a ship, the H.M.S. Khan. The ship is two furlongs from dead pirate Daniel and his merciless band of thieves.

The captain has the probability of 1/2 of hitting the pirate ship. the pirate only has one good eye, so he hits the captains ship with probability 1/5 .

If both fire cannons at the same time, what is the probability that both the pirate and the captain hit each other's chip

Answers

Answer:

[tex]\dfrac{1}{10}[/tex]

Step-by-step explanation:

Probability of the captain hitting the pirate ship [tex]=\dfrac{1}{2}[/tex]

Probability of the pirate hitting the captain's ship [tex]=\dfrac{1}{5}[/tex]

If both fire cannons at the same time, the probability that both the pirate and the captain hit each other's ship

=P(Captain Hits AND Pirate Hits)

=P(Captain Hits) X P(Pirate Hits)

[tex]=\dfrac{1}{2} X \dfrac{1}{5}\\\\=\dfrac{1}{10}[/tex]

If you put all of the bean sprouts together end to end what
would be the total length of all the objects?
inches​

Answers

Answer:

5.625 = 45/8 = 5 5/8

Step-by-step explanation:

What is the value of y ??????????????

Answers

Answer & Step-by-step explanation:

For this problem we can just set up an equation and equal it to 180.

(2y) + (y + 10) + 50 = 180

Combine like terms.

3y + 60 = 180

Subtract 60 from 180.

3y = 120

Divide 120 by 3.

y = 40

So, the value of y is 40°

#2 Jamal is an apprentice on a boat on Long Island Sound. He is helping the captain collect samples of
marine life for an environmental study, and the captain is teaching him about nautical navigation.
When the boat leaves the environmental station, it will return to its home port 9 nautical miles away.
If
the boat maintains a constant speed of 15 knots (nautical miles per hour), how many minutes will the
trip take?​

Answers

Answer:

The trip will take 36 minutes.

Step-by-step explanation:

This question can be solved using a rule of three.

The boat maintains a constant speed of 15 knots (nautical miles per hour). How many minutes it will take to return to its home port 9 nautical miles away?

So in 60 minutes, 15 nautical miles. How many minutes for 9 nautical miles?

60 minutes - 15 nautical miles

x minutes - 9 nautical miles

[tex]15x = 60*9[/tex]

[tex]x = \frac{60*9}{15}[/tex]

[tex]x = 36[/tex]

The trip will take 36 minutes.

What is the center of a circle represented by the equation (x+9)2+(y−6)2=102? Please Help

Answers

(-9, 6) that’s the answer

Answer:

(-9, 6)

Step-by-step explanation:

edgenuity 2020

hope this helps!

It appears that people who are mildly obese are less active than leaner people. One study looked at the average number of minutes per day that people spend standing or walking. Among mildly obese people, minutes of activity varied according to the N(373, 61) distribution. Minutes of activity for lean people had the N(525, 104) distribution. Within what limits do the active minutes for 95% of the people in each group fall

Answers

Answer:

Among mildly obese people, 95% of the people have between 251 and 495 minutes of activity per day.

Among lean people, 95% of the people have between 317 and 733 minutes of activity per day.

Step-by-step explanation:

The Empirical Rule states that, for a normally distributed random variable:

68% of the measures are within 1 standard deviation of the mean.

95% of the measures are within 2 standard deviation of the mean.

99.7% of the measures are within 3 standard deviations of the mean.

Within what limits do the active minutes for 95% of the people in each group fall

By the Empirical Rule, within 2 standard deviations of the mean.

Mildly obese:

Mean = 373, standard deviation = 61.

373 - 2*61 = 251 minutes

373 + 2*61 = 495 minutes

Among mildly obese people, 95% of the people have between 251 and 495 minutes of activity per day.

Lean people:

Mean = 525, standard deviation = 104

525 - 2*104 = 317 minutes

525 + 2*104 = 733 minutes

Among lean people, 95% of the people have between 317 and 733 minutes of activity per day.

Three dogs eat 30 pounds of food in 10 days. If each dog eats the same amount, how much food does 1 dog eat in 1 day? 1 pound 3 pounds 9 pounds 10 pounds

Answers

Answer:

Unable to read entire question, but see explanation for answer

Step-by-step explanation:

First, you need to find the unit rate per dog. If it takes 3 dogs 10 days to finish 30 pounds of food, then it takes 1 dog 1 day to finish 1 pound of food. I cannot read the entirety of the question because of the cropping, but you can find how much food a single dog eats in that amount of days by just multiplying by the number of days (say, 1 pound in 1 day, or 3 pounds in 3 days). Hope this helps!

Answer:

1

Step-by-step explanation:

took test

ASAP! GIVING BRAINLIEST! Please read the question THEN answer CORRECTLY! NO guessing. I say no guessing because people usually guess on my questions.

Answers

Answer:

B. F(x) = 0.4x² - 1

Step-by-step explanation:

→The function F(x) has shifted downwards, meaning there has to be a 1 being subtracted.

→The function F(x) has grown wider, meaning there has to be a number of absolute value less than 1.

This means answer choice, "B," is correct.

Answer:

The answer is B

Step-by-step explanation:

→The function F(x) has shifted downwards, meaning there has to be a 1 being subtracted.

→The function F(x) has grown wider, meaning there has to be a number of absolute value less than 1.

This means answer choice, "B," is correct.

please very soon I offer the crown !!! + 10 points urgently !!!

Answers

Answer:

odd numbers always end in 1,3,5,7 and 9

odd numbers - 51,23,95,11,67,75,83, and 29

even numbers - 16,32,38,76,62,40 and 80

19p                                  25p                                         16p

9 - 2p , 1 - 1p                   12- 2p, 1- 1p                          5- 2p, 6- 1p

19 - 1p                              10 - 2p, 5- 1p                       6 - 2p, 2- 1p

7- 2p , 5- 1p                    8- 2p, 9- 1p                          4- 2p, 8- 1p

                                       9- 2p, 6- 1p                         6- 2p, 4- 1p

what is the greatest common factor of 36 and 90?

Answers

Answer:

18

Step-by-step explanation:

The greatest common factor is 18. All of the common factors are: 1, 2, 3, 6, 9, 18.

Answer:

There is only one greatest common factor of 36 and 90 which is 18. There are also a number of common factors including 1, 2, 3, 6, 9, 18.

Step-by-step explanation:

The longer leg of a 30-60-90° triangle is 18. What is the length of the other leg?
A) 1213
B) 93
C) 9
D) 63

Answers

Answer:

D

Step-by-step explanation:

In a 30-60-90 triangle, the longer leg is [tex]\sqrt{3}[/tex] times larger than the smaller leg. The length of the shorter leg is therefore:

[tex]\dfrac{18}{\sqrt{3}}= \\\\\\\dfrac{18\sqrt{3}}{3}= \\\\\\6\sqrt{3}[/tex]

Hope this helps!

Rachel owns as twice as many beanie babies as Kaye. Alexia owns 1/3 as many beanie babies as Rachel. If Kaye owns 63 beanie babies,how many does Alexia owns?

Answers

Answer:

42

Step-by-step explanation:

Let the number of beanie babies Kaye has be x

according to question

Rachel owns as twice as many beanie babies as Kaye

number of beanie babies Rachel has : 2*x = 2x

Also,

Alexia owns 1/3 as many beanie babies as Rachel

number of beanie babies Alexia has : 1/3(2x) = 2x/3

It is given that Kayes has 63 beanie babies

thus x = 63

Thus,

Number of beanie babies Alexia has = 2x/3 = 2*63/3 =2*21 = 42

• Write the number that is 10 more than 178.25:​

Answers

Step-by-step explanation:

10 more than 178.25 is add so

178.25 + 10 = 188.25

The number 10 more than 178.25 is 188.25

29.) in Mongolia the temperature can dip down to - 45°C
in January. The temperature in July may reach 40°C.
What is the temperature range in Mongolia?

Answers

Answer:

The temperature range is [tex]95^o[/tex] , going from [tex]-45^0[/tex]  to [tex]40^o[/tex]

Step-by-step explanation:

The temperature range is the difference between the maximum and the minimum temperature:

[tex]40^o-(-45^o)=40^o+45^o=95^o[/tex]

The temperature range is [tex]95^o[/tex] , going from [tex]-45^0[/tex]  to [tex]40^o[/tex]

An experiment was conducted to evaluate the success of an Ebola virus vaccine. The subjects were unaware of the treatment they were given. What is this type of blinding used to prevent?

Answers

This type of blinding is used to prevent what is referred to as placebo effect in this scenario.

What is Placebo effect?

This refers to a situation where some individuals feel improvement in their health when dummy treatment is used.

The subjects not being unaware of the treatment helps to prevent the placebo effect thereby making it the most appropriate choice.

Read more about Placebo effect here https://brainly.com/question/10467057

#SPJ1

A washer and a dryer cost $639 combined. The washer costs $61 less than the dryer. What is the cost of the dryer?

Answers

Answer:

$350

Step-by-step explanation:

Let d = price of dryer

Then d - 61 is the price of the washer.

The sum of the prices is $639.

d + d - 61 = 639

2d - 61 = 639

2d = 700

d = 350

The price of the dryer is $350

An orange is shot up into the air with a catapult. The function h given by

h(t) = 15 + 60t – 16t2 models the orange's height, in feet, 1 seconds after it was

launched.

Question 5 What is the initial speed at which the orange is shot in the air?

Answers

Answer:

Velocity = 59 feet/second

Step-by-step explanation:

h(t) = 15 + 60t – 16t2

Time t = 1 second

Let's substitute time into the equation to get the distance

h(t) = 15+60(1)-16(1)²

h(t) = 15 + 60 - 16

h(t) = 59 feet

Speed or velocity = distance/time

Distance = 59 feet

Time = 1 second

Velocity = 59/1

Velocity = 59 feet/s

Which graph represents viable values for y = 2x, where x is the number of pounds of rice scooped and purchased from a bulk bin at the grocery store and y is the total cost of the rice? On a coordinate plane, a straight line with a positive slope begins at point (0, 0), and ends at point (2.5, 5). On a coordinate plane, blue diamonds appear at points (0, 0), (1, 2), (2, 4). On a coordinate plane, a straight line with a positive slope begins at point (negative 2.5, negative 5), crosses the x- and y-axis at point (0, 0), and ends at point (2.5, 5). On a coordinate plane, blue diamonds appear at points (negative 2, negative 4), (negative 1, negative 2), (0, 0), (1, 2), (2, 4). Mark this and return

Answers

Answer:

  On a coordinate plane, a straight line with a positive slope begins at point (0, 0), and ends at point (2.5, 5)

Step-by-step explanation:

The distinction between "straight line" and "blue diamonds" is that the straight line represents the relation for all possible values of x. The blue diamonds show the values of y for very specific values of x.

Since x is the amount of rice from a bulk bin, we assume it can take any non-negative value. Hence, the graphs with negative values or with "blue diamonds" are not appropriate.

The straight-line graph in the first quadrant is the best choice.

Answer:

The answer is graph 1

Step-by-step explanation:

On a coordinate plane, a straight line with a positive slope begins at point (0, 0), and ends at point (2.5, 5).

Which is greater between |5| amd |2|

Answers

Answer:

|5| = 5 and |2| = 2 and because 5 > 2, our answer is |5| > |2|.

Answer:

|5|

Step-by-step explanation:

5 is greater than 2

A LA Fitness Manager wants to determine whether a LA Fitness member will lose weight after taking three months private gym classes. He selected 17 customers and measured their weights including the weights before the private gym classes (considered as group 1) and the weights after three months of private gym classes (considered as group 2). What is the degree of freedom

Answers

Answer:

The degree of freedom = 16

Step-by-step explanation:

In conducting hypothesis tests where the population standard deviation isn't known, the t-distribution is used to obtain critical value and p-value of the distribution.

To use the t-distribution, the degree of freedom of the test is usually required.

The degree of freedom refers to the maximum number of independent variables, values or parameters, that are allowed to vary in the sample data.

The degree of freedom for a paired test with the same sample size for the two pairs, is given mathematically as

df = n - 1

where n = Sample size = 17

df = 17 - 1 = 16

Hope this Helps!!!

The amount of energy associated with a production of bottled water is approximately Normal with a mean of 8.7 million Joules and a standard deviation 0.5 million Joules. How much energy should be required for the bottom 80% of bottled water?

Answers

Answer:

At most 9.12 joules should be required for the bottom 80% of bottled water

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this question, we have that:

[tex]\mu = 8.7, \sigma = 0.5[/tex]

How much energy should be required for the bottom 80% of bottled water?

At most the 80th percentile.

The 80th percentile is X when Z has a pvalue of 0.8. So it is X when Z = 0.84.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.84 = \frac{X - 8.7}{0.5}[/tex]

[tex]X - 8.7 = 0.84*0.5[/tex]

[tex]X = 9.12[/tex]

At most 9.12 joules should be required for the bottom 80% of bottled water

The null and alternative hypotheses for a hypothesis test of the difference in two population means are: Alternative Hypothesis: p1 > p2 Null Hypothesis: Hi = uz Notice that the alternative hypothesis is a one-tailed test. Suppose proportions_ztest method from statsmodels is used to perform the test and the output is (3.25, 0.o43).
What is the P-value for this hypothesis test?
A. 0.00215
B. 0.0043
C. 3.25
D. -3.25

Answers

Answer:

B. 0.0043

Step-by-step explanation:

The null and alternative hypothesis of this one-tailed test are:

[tex]H_0: p_1-p_2=0\\\\H_a:p_1-p_2> 0[/tex]

The output of proportions_ztest method from statsmodels is a size-2 vector with the value of the test statistic and the P-value.

Then, if the output is (3.25, 0.0043), the P-value for this one-tailed test is 0.0043.

A designer makes a model of a patio using 1/2 inch square tiles each 1/2 inch square tiles = 4 square feet what area is represented by the 8 x 6 model

Answers

Answer:

[tex]192ft^2[/tex]

Step-by-step explanation:

The model of a patio was made by

using 1/2 inch square title=4 square feet.

area represented by the 8 *6 model can be calculated as follows;

FIRSTLY, the number of tiles in the 8 *6 model can be calculated by multiplying it i.e

8 *6 model =[tex]48 tiles[/tex]

Hence there are 48 tiles in 8 *6 model

It was given that 1/2 inch square title=4

square feet.

So to calculate the total Area occupied by the 48 tiles

[tex]Area=1/2×48[/tex]

[tex]Area=24inches^2[/tex]

If [tex]1/2inches^2=4ft^2[/tex] ( from the question)

Let X represent [tex]24inches^2[/tex]

Then, [tex]24inches^2=Xft^2[/tex]

Cross multiply

[tex]4×24=X×1/2

X=4×24×2

X=[tex]192ft^2[/tex]

[tex]24inches^2=[tex]192ft^2[/tex]

Therefore, the area represented by the 8 *6 model is [tex]192ft^2[/tex]

Does the frequency distribution appear to have a normal​ distribution? Explain. Temperature ​(degrees​F) Frequency 35 dash 39 1 40 dash 44 4 45 dash 49 9 50 dash 54 13 Temperature ​(degrees​F) Frequency 55 dash 59 9 60 dash 64 2 65 dash 69 1 Choose the correct answer below. A. ​No, because the frequencies start​ low, proceed to one or two high​ frequencies, then decrease to a low​ frequency, and the distribution is not symmetric. B. ​No, because the frequencies start​ low, proceed to one or two high​ frequencies, then decrease to a low​ frequency, and the distribution is approximately symmetric. C. ​Yes, because the frequencies start​ low, proceed to one or two high​ frequencies, then increase to a​ maximum, and the distribution is not symmetric. D. ​Yes, because the frequencies start​ low, proceed to one or two high​ frequencies, then decrease to a low​ frequency, and the distribution is approximately symmetric.

Answers

Answer:

D. ​Yes, because the frequencies start​ low, proceed to one or two high​ frequencies, then decrease to a low​ frequency, and the distribution is approximately symmetric.

Step-by-step explanation:

Hello!

The given frequency distribution for temperatures.

To see if the distribution appears to have a normal distribution you have to draw a histogram using the information. Check attachment.

As you can see, the distribution appears symmetric, it starts low and proceeds to grow until it reaches its maximum point (f(4)=13) and then starts to decrease to low frequencies. The right tail decreases a little more than the left one but it is almost symmetrical.

I hope this helps!

what is tge surface area of tge dquare pyramid GELP IM TIMED AND ABOUT TO RUN OUT OF TIME

Answers

Answer:

Step-by-step explanation:

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