A company estimates that 0.1% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $300. If they offer a 2 year extended warranty for $21, what is the company's expected value of each warranty sold? $ help

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $4.…

A: Given information Cost of raffle ticket=$4 There is 1 winning out of 180 ticket. Prize of winner=$62…

Q: a. What's the expected value for the item's annual benefits?

A: The provided information is X~U(a=200,b=250) a. The expected value for the item's annual benefits.…

Q: A person has a 0.16% chance of dying in the next year. A life insurance policy with a $50,000 death…

A:

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2.…

A: Given that, the cost of the raffle ticket is $2, an1 winning ticket was sold out of the 260 tickets…

Q: The Triple L investment club is considering purchasing a certain stock. After considerable research,…

A: Formula for expected value, E(X) = ∑xP(x)

Q: In a product liability​ case, a company can settle out of court for a loss of​ $350,000, or go to​…

A: Given:settlement of case out side court loss is $350000if go to trail loss is $1350000probability of…

Q: (a) If the grand prize is $12,000,000, find and interpret the expected cash prize. If a ticket costs…

A: The mean of a probability can be calculated as: The calculation for the given data is

Q: b. If the 31-year-old male purchases the policy, what is his expected value? The expected value is $…

A:

Q: Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win $100, and 1…

A: Given data: Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win…

Q: DETAILS TEAFMAC2 3.2.032. MY NOTES An insurance company sells a $14,000, seven-year term life…

A:

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: For the given The PTO is selling raffle tickets to raise money for classroom supplies. A raffle…

Q: A new scratch-off lottery ticket is being designed. The initial proposal has a prize of $206 and…

A: Let X=a random variable, then E(X)=∑iX P(X) And, P(X)=Number of favorable events for XTotal possible…

Q: An insurance policy sells for $1000. Based on past data, an average of 1 in 100 policyholders will…

A: Given data An insurance policy sells for $1000

Q: A 40-year-old man in the U.S. has a 0.245% risk of dying during the next year . An insurance company…

A: In this case, The probability of dying=0.245%…

Q: An insurance policy costs $110 and will pay policyholders $8,000 if they suffer a major injury…

A: Probability Distribution: It is a statistical function, describing all the possible outcomes of the…

Q: Solve and analyze the problem A 33-year-old mother pays P12,000 per annum for a P500,000 life…

A: Using the given information we make a table Expected earning (12000 - 500000)= - 488000 (12000 -0…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

A: The cost of 1 ticket is $3. The winner gets a prize worth $86. Total number of tickets sold is 300.

Q: What is the expected value (to you) of one raffle ticket? $ Calculate the expected value (to you)…

A: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

Q: Suppose the time to process a loan application follows a uniform distribution over the range 6 to 17…

A: Given : Suppose the time to process a loan application follows a uniform distribution over the range…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: Using the given info we make a table Winning amount (xi) 96 0 Total Frequency 1 (210-1)=209 210…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: As per bartleby guidelines only first three subparts are to be solved. Please upload other parts…

Q: At a financial institution, a fraud detection system identifies suspicious transactions and sends…

A: To determine: The expected number of blocked transactions by the specialist Given data: At a…

Q: A company estimates that 0.1% of their products will fail after the original warranty period but…

A:

Q: What is the expected capital gain for Stock X? What is the expected return % for Stock X? Which bond…

A: Ans is given in the below image.

Q: A 40-year-old man in the U.S. has a 0.241% risk of dying during the next year . An insurance company…

A: According to the given information, Risk of dying next year = 0.241% Charges of insurance company…

Q: An insurance company charges $1,142 per year to insure your car. They calculate that there is a 8%…

A: Expected value: The expected value of a random variable is the sum of the possible values that the…

Q: A company estimates that 0.7% of their products will fail after the original warranty period but…

A: Given that the company estimates that 0.7% of their products will fall after the original warranty…

Q: At a financial institution, a fraud detection system identifies suspicious transactions and sends…

A: To determine: The expected number of blocked transactions by the specialist Given data: At a…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

A: Given information- Cost of a raffle ticket = $3 Total no. of tickets sold = 270 So, the probability…

Q: An insurance company charges $983 per year to insure your car. They calculate that there is a 4%…

A: The insurance company charges $983 per year. The chance of getting accident each year is 4%. Hence…

Q: Suppose you work for a company that manufactures electronics. The development analysts estimate that…

A: P(flagship product will fail within 2 years of the purchase date)=0.05 Replacement cost of a…

Q: A manufacturer is considering the manufacture of a new and better mousetrap. She estimates the…

A: Probability that the new mousetrap is successful is 3/4 Probability that the new mousetrap is not…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5.…

A: From the provided information, 210 tickets are sold, probability of being a winner = 1/210

Q: A 40-year-old man in the U.S. has a 0.241% risk of dying during the next year. An insurance company…

A:

Q: 1. What is the probability that Angelo will die in his 65th year? (Enter the decimal value.) 2. What…

A: Solution:

Q: The Triple L investment club is considering purchasing a certain stock. After considerable research,…

A:

Q: An architect is considering bidding for the design of a new shopping mall. The cost of drawing plans…

A: Given the cost of drawing plans and model is given as  $10,000. Probability of being awarded the…

Q: A construction company is planning to bid on a building contract. The bid costs the company $1300.…

A: We first make a table using the given information Gained amount (xi) 68000-1300=66700 -1300…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3.…

A:

Q: # 3. One Thousand tickets are sold at $1 each for a color television valued @ $350. What is the…

A: Given that, 1000 tickets are sold at $1 each for color television valued $350. If you win, then the…

Q: An insurance policy that covers the damges on a U Haul truck for the entire rental is $100. If 1 in…

A: Given that: Average cost of repair of van is $1200. Number of damaged rental van is 1 in 200 or…

Q: A 37-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $480.…

A: Expected value:   In the long run the average value obtained by repetitions for the given experiment…

Q: a) If the grand prize is $12,000,000, find and interpret the expected cash prize. If a ticket costs…

A:

Q: An insurance policy costs $120 and will pay policyholders $9,000 if they suffer a major injury…

A: Given, pay of $120 major issue $9000 minor issue $3000 1 in every 2088 policyholders will suffer a…

Q: A 40-year-old man in the U.S. has a 0.245% risk of dying during the next year . An insurance company…

A: Revenue of the insurance company = $280 Cost of the insurance company = $ 100,000   It is certain…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $4.…

A: Given, The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket…

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2.…

A: We know Expected Value is the average gain or loss if the event is occured many times Concept Used:-…

Q: Calculate the expected value of the lottery: ?=(0.55,200;0.25,400;0.2,600)

A:

Q: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs…

A: Probability of winning ticket is- P(winning ticket)=1150 Probability of losing ticket is- P(losing…

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.