A plumbing company sells plumbing supplies for commercial and residential applications. The company currently has only one supplier for a particular type of faucet. Based on historical data that the company has maintained, the company has assessed the first accompanying probability distribution for the proportion of defective faucets that it receives from this supplier. This supplier charges the company $34.00 per unit for this faucet. Although the supplier will replace any defects free of charge, the plumbing company managers figure the cost of dealing with the defects is about $4.00 each. Complete parts a and b below. E Click the icon to view the first probability distribution. E Click the icon to view the second probability distribution. a. Assuming that the plumbing company planning to purchase 1,000 of these faucets from the supplier, what is the total expected cost to the plumbing company for the deal? (Refer to the first probability distribution.) The total expected cost is $ (Type an integer or a decimal.) O Data for Original Supplier Proportion Defective Probability 0.01 0.04 0.4 0.3 0.2 0.07 0.14 0.1
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Please Answer all and/or show work!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps