What is the expected value of the cost to the compnay

Assignment Help Mathematics

Reference no: EM13192217

A brand of refrigerator has a lifetime expectancy that is normally distributed with a mean of 15 years and a standard deviation of 2.5 years. (a)The company has a warranty stating that any refrigerator that has problems within the first 10 years will be fixed free of charge. If the contracted cost to the company to repair a refrigerator is $150, what is the expected value of the cost to the compnay per refrigerator?

Reference no: EM13192217

Questions Cloud

What is the half-life of the goo in minutes : At the beginning of an experiment, a scientist has 272 grams of radioactive goo. After 180 minutes, her sample has decayed to 17 grams.

Is this a parameter or a statistic : The average grade on a midterm exam in a certain math class was an 88. Is this a parameter or a statistic?

Learning for numeric prediction : Write down the output (class) values and number of instances that appear in each of the leaf nodes A, B and C of the tree - Learning for Numeric Prediction

What dimensions will produce a maximum enclosed area : a rancher has 1200m of fencing to enclose teo adjacent rectangular corrals. what dimensions will produce a maximum enclosed area if the commom sides are of equal length?

What is the expected value of the cost to the compnay : If the contracted cost to the company to repair a refrigerator is $150, what is the expected value of the cost to the compnay per refrigerator?

What are the options in the money if the current price given : Consider options on Bigmove Corporation stock. Suppose that there are call options with a strike price of $75 and put options with a strike price of $65. Which, if any, of the options are in the money if the current price of Bigmove's stock.

How many did she send to market on tuesdays : maddie owns a hog farm.she sends hogs to market in a ratio of 3 to 10 on mondays and tuedays.if maddie sent 333 hogs to the market on monday, how many did she send to market on tuesdays.

Find the speed of the current and the equivalent rate : A man rows a boat 280 feet upstream against a constant current in 8 minutes. He then rows 220 feet downstream (with the same current) in 4 minutes. Find the speed of the current and the equivalent rate at which he can row in still water.

What is the value of c : In the multiplication example AB X C = AAA, different letters represent different digits, AB represents a two-digit number, and AAA represents a three-digit number. What is the value of c?

User Account

All Pages