A company makes electronic gadgets. One Cut of every 40 gadgets isfaulty, but the company doesn't know which ones are faulty until a buyercomplains. Suppose the company makes a $2 profit on the sale of anyworking gadget, but suffers a loss of $35 for every faulty gadget becausethey have to repair the unit. What is the expected profit or loss for everybatch of 40 gadgets sold? (Round your final answer to two decimal placesand select the most accurate option from below).An expected loss of $7.12An expected profit of $25An expected profit of $4.63An expected loss of $3.65Correct answer is not listedAn expected loss of $8.14An expected profit of $0.84An expected profit of $1.08

Given dataA company makes electronic gadgets .one out of every 40 gadgets is faultyThe company makes…

Answered: A company makes electronic gadgets. One…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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You plan to invest $100 per month in a 401k, you are promised an average of 4% return over the next 40 years. Your employer will match 50% of your deposits. What would you type into Excel to estimate how much money should be in the 401k after 40 years? O =PMT(.04/12, 40*12,-150) O =PV(.04, 3*40*12,-150) O -150(1.04)40-12 O =FV(.04/12, 40*12,-100) O =FV(.04/12, 12*40, -150) 12.40 O 100 (1 + 12)
The Western community is composed of students, staff, and faculty. Students make up 55% of the Western community, staff make up 20%, and the rest are faculty. This past year 30% of students opted to get vaccinated for influenza, compared to 20% of staff and 90% of faculty. Based on this information what fraction of the Western community was vaccinated for influenza? Number (give at least five decimal places).
Approximately 90% of New Orleanians have car insurance. Of those who do, 26% have GEICO.What percent of New Orlenians have GEICO? Round your answer to three decimal places.
A. By how much does the machine decrease in value (in dollars) in 1 year? B. Predict when (in years) the value of the copy machine will be zero.
A certain company grants a six-month investment product that offers to pay its clients 8% the first month, 12% the second month, 11% the third month, 8% the fourth month, 14% the fifth month and 15% the sixth month. What would be the value of the average rate that the customer will receive? Write your answer to 2 decimal places.
Each spin costs $2. If the spinner lands on C the player wins a dime, if the spinner stops on A the player wins $9 otherwise the player wins nothing. Calculate the players expected winnings. Express your answer to at least three decimal places in dollar form.. Answer: $ 3/11 A 4/11 B D C 2/11 2/11
A graphing calculator is recommended.A dealer predicts that new cars will sell at the rate of 5xe−0.2x sales per week in week x. Find the total sales in the first half year (week 0 to week 26). (Round your answer to the nearest whole number.)
Due to unavoidable wear and tear, the output from an aging packaging machine is expected to decrease by 2%, 5%, and 8% in each of the next three years, respectively. If the current output of the machine is 8,525 units per hour, what will be its output at the end of the three-year period? (Round your answer to the nearest whole number.) Output of the machine units per hour
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.

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