A company estimates that 0.4% of their products will fail after the original warranty period but within 2years of the purchase, with a replacement cost of $500.If they offer a 2 year extended warranty for $57, what is the company's expected value of each warrantysold?Basic Funcs TrigJEXXUKπTSPIV8Enter a mathematical expression [more..]NDNEX

P(replace) = 0.004 replacement cost = $500 exxtend warranty for $57 find expected value for warranty…

Answered: A company estimates that 0.4% of their…

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.2: Arithmetic Sequences And Partial Sums

Problem 73E: Falling Object An object with negligible air resistance is dropped from the top of the Willis Tower...

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Falling Object An object with negligible air resistance is dropped from the top of the Willis Tower in Chicago at a height of 1451 feet. During the first second of fall, the object falls 16 feet; during the second second, it falls 48 feet; during the third second, it falls 80 feet; during the fourth second, it falls 112 feet. Assuming this pattern continues, how many feet does the object fall in the first 7 seconds after it is dropped?
Deductible A car owner may buy insurance that will pay the full price of repairing the car after an at-fault accident, or save $12 a year by getting a policy with a $500 deduct- ible. Her insurance company says that about 0.5% of drivers in her area have an at-fault auto accident during any given year. Based on this information, should she buy the policy with the deductible or not? How does the value of her car influence this decision?
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Your friend makes up a game to play over Zoom during the shelter in place, and asks if you would like to play. The rules are: You win $8 if you roll a 6. You win $4 if you roll a 4 or 5 Otherwise, you have to pay $10. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. The first value is filled in for you. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) -10 b. Find the expected profit. $ (Round to the nearest cent)c. Interpret the expected value. You will win this much if you play a game. This is the most likely amount of money you will win. If you play many games, on average, you will likely win, or lose if negative, close to this amount.
Drug tests are designed with a known sensitivity. However, those interested in such tests want to know the probability that the person tested actually used the drug given that the test was positive. Using appropriate notation, write out and solve for the probability of interest. Assume the accuracy of the test is 99% and that 0.5% of the population uses the drug.
only HANDWRITTEN answer needed ( NOT TYPED)
part D
Suppose a weather report indicates that the probability of rain this week is 0.20. According to the report, if it rains this week, then the probability of rain next week is 0.32. If it does not rain this week, then the probability of rain next week is 0.13. The tree diagram models this weather report. Determine the probability that it will not rain for the next two weeks. Express your answer as a decimal precise to two decimal places.
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a man decides to save money in a mutual investment fund about 13% interest annually. if he leaves 5000 n the fund for five years how much value will have accrued

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