* 00 Question 45 <> A company estimates that 0.6% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $500. If they offer a 2 year extended warranty for $28, what is the company's expected value of each warranty sold? Question Help: D Video Submit Question MacBook Air DD 08 F3 F4 F1 F2 & V 23 $ 2 R

* 00 Question 45 <> A company estimates that 0.6% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $500. If they offer a 2 year extended warranty for $28, what is the company's expected value of each warranty sold? Question Help: D Video Submit Question MacBook Air DD 08 F3 F4 F1 F2 & V 23 $ 2 R

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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You invest $2,000 in a mutual fund paying 9% interest. It takes about 7 years for your initial investment of $2,000 to double to $4,000. How long would it take your $4,000 to then double to $8,000? Choose the best answer. Year Beginning Interest End 180.00 $ 2,180.00 196.20 $ 2,376.20 213.86 $ 2,590.06 2,000.00 $ 1. 2,180.00 $ APR 9% 2. 2,376.20 $ 3 2,590.06 $ 233.11 $ 2,823.16 4 2,823.16 $ 254.08 $ 3,077.25 3,077.25 $ 276.95 $ 3,354.20 3,354.20 $ 301.88 $ 3,656.08 3,656.08 $ 329.05 $ 3,985.13 3,985.13 $ 358.66 $ 4,343.79 4,343.79 $ 390.94 $ 4,734.73 About 14 years About 7 years About 21 years About 10 years
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Simple PV Interest Days Method FV $14,560.00 4.50% 90 Ordinary O a. $161.56 O b. $14,723.80 O c. $14,721.56 O d. $163.80 Type here to search 24