A company makes electronic gadgets. One out of every 50 gadgets are faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a P150 profit on the sale of any working gadget, but suffers a loss of P4,000 for every faulty gadget because they must repair the unit. Check whether the company can expect a profit in the long term

Q: A newspaper headline claims: "Apple spends far less on Research & Development than any of its…

A:

Q: A man invested 10,000 at an interest rate of 10% compunded annually. What will be the final amount…

A:

Q: CWD Business systems maintains a successful Telecom sales department for Top up call credit in which…

A: Given, Mean number of incoming calls per hour (λ) = 15/hr Mean number of orders taken per hour (μ) =…

Q: Your midrange guess as to the amount of oil in a prospective field is 10 million barrels, but, in…

A:

Q: Mitch and Bill are both age 75. When Mitch was 24 years old, he began depositing $1000 per year into…

A: We will solve this using formula of Amount for finding answer of the question

Q: CWD Business systems maintains a successful Telecom sales department for Top up call credit in which…

A: Given information: It is given that the phone calls come in a rate of about 15 per hour. The clerk…

Q: An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield…

A: The solution are as follows

Q: A local gym currently charges $38/month and has a membership of 520 people. Market research reveals…

A: NOTE: Refresh your page if you can't see any equations. . A local gym currently charges $38/month…

Q: Suppose you spend $12 a week on snacks. Nearly one-quarter of a million children worldwide die each…

A: We need to figure out how many children can be immunize in a year with half of the snack money spent…

Q: n the long run, which plan has the higher payout?   Plan A Payout P( Payout ) -25000 0.06 20000…

A: GivenPlan A and plan B payout and its probability are shown belowThe expected payout for Plan A is…

Q: Ellen has recently inherited $6300, which she wants to deposit into an IRA account. She has…

A: Here I am attaching image so that you understand each and every step.

Q: A poll shows that half of the consumers who use brand a switched to brand b the following year,…

A: Let ai,bi be the number of consumers of brands a and b, respectively, in a year. Let ai+1,bi+1 be…

Q: An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield…

A: Let x be the amount invested in AAA bond, y be the amount invested in A bond and z be the amount…

Q: When hired at a new job selling jewelry, you are given two pay options:Option A: Base salary of…

A: Let us assume that I need to sell at least $x of jewelry each year, in order for option A to…

Q: Dickinson’s Lw Firm buys new furniture for its waiting room. If the total cost of the furniture is…

A: Straight Line Depreciation 1) Determine the cost of asset 2) Subtract the estimated residue value of…

Q: One safe investment pays 8% per year, and a more risky investment pays 14% per year. a. How much…

A:

Q: rancher raises goats and llamas on her 400-acre ranch. Each goat needs 2 acres of land and requires…

A: PLEASE REFER TO THE IMAGE BELOW

Q: receiving either $3,000 at the end of five years or P dollars today. There is no question that the…

A: Consider the equation i=8% Time= 5years

Q: Joe deposits GHS10 today and another GHS30 in five years into a fund paying simple interest of 11%…

A: Given problem is   : Joe deposits GHS10 today and another GHS30 in five years into a fund…

Q: The owner of shop is contemplating adding a new product which will require additional monthly…

A: Given, Monthly payment(F) = Br 6000 Variable cost(V) = Br 2 Selling price(S) = Br 7 (A) Product sold…

Q: 4. In a department store, a certain brand of toy is ordered every month. However, during December,…

A:

Q: A psych research group found that 25 participants who were in a program with physical exercise…

A: Since, you have posted a question with multiple sub-parts, we will solve the first three complete…

Q: A survey conducted over last 25 years indicated that in 10 years the winter was mild, in 8 years it…

A:

Q: Glaxo Co’s R & D division is considering to develop a new drug project to get ahead of its…

A: As per given by the question, project must be completed in 2 years at a cost of  1,00,000, otherwise…

Q: Dr. Payne is studying the number of davs patients stav in Armadillo Community Hospital after a…

A: Introduction: Denote the random variable X as the number of days of hospital stay after the surgical…

Q: A retail department store must make a choice between two investments with a preferred rate of return…

A: The money received today has more value than receiving the same amount later on.

Q: When hired at a new job selling jewelry, you are given two pay options:Option A: Base salary of…

A: Let the sales be denoted by $x.

Q: An investment firm recommends that a client invest in AAA-, A-, and B-rated bonds. The average yield…

A: Given: Total investment=27000, annual return on investment=1780.

Q: Dataware is trying to determine whether to give a $10 rebate, cut the price $6, or have no price…

A: A data warehouse is trying to know whether to give $10 rebate, cut the price $6. Because 10% of…

Q: Crypt-Me-Not Investments, Inc. is a new investment firm that deals exclusively with cryptocurrency…

A:

Q: Your midrange guess as to the amount of oil in a prospective field is 10 million barrels, but, in…

A:

Q: Mixtastic's Founder-CEO is discussing the timing of the launch of its mix-at-home cocktail kit with…

A: Given: P(survival of a year) = 0.80 Amount earned if earning start immediately = $100K per year    .

Q: Ellen has recently inherited $5400, which she wants to deposit into a CD account. She has determined…

A: Express the compound interest formula. A=P1+rnnt Here, A is the amount, P is the principal amount, r…

Q: n 2017, the residents of eugene were producing greenhouse gas emissions at an average rate of 16…

A: Given data: In the year 2017: Average green house gas emissions = 16 tons of CO2 per resident /year…

Q: An investment firm recommends that a client invest in bonds rated AAA,A, and B. The average yield on…

A: Image is attached with detailed solution.

Q: An investment firm recommends that a client invest in AAA-, A-, and B-rated bonds. The average yield…

A: The system of equations can be solved using the method of substitution or the method of elimination.…

Q: d. What is the average time a customer waits for service(Wq)?  e. What is the average time in the…

A: * SOLUTION :-  As per guidelines I answered 3 sub parts only. thankyou

Q: An investor has $40,000 to invest. He wants to diversify his portfolio by putting dividing the money…

A:

Q: The annual sales of Crimson Pharmacy are expected to be given by S = 2.2 + 0.5t million dollars t…

A:

Q: Carl Williams, the proprietor of Carl Williams Auto Sales, estimates that with extensive television…

A:

Q: n the previousyear, at Hub Motors ltd, for a particular model of Mercedes, Nissanand Ford,one could…

A: Let the price of Mercedes Nissan and Ford was x , y , z last year. Then according to the question…

Q: A restaurant wants to expands its dining capacity. The building they want to acquire cost P400,000…

A: The total cost of the object includes the actual cost to purchase and any other expenses incurred.…

Q: he management at Massachusetts Savings Bank is always concerned about the quality of service…

A: Solution: Given information: n= 70 Sample size  x = 27 Sample mean s =2.5 Sample standard deviation…

Q: Jason receives an inheritance of $50,000. His financial advisor suggests that he invest this in…

A: We have, Jason receives an inheritance of $50,000. His financial advisor suggests that he invest…

Q: Your company has spent $200,000 on research to develop a new computer game. The firm is planning to…

A: Hello According to Bartleby guidelines we are supposed to answer only first question so for rest of…

Q: You are considering purchasing a carpet cleaning business that will cost $40,000 for startup. Being…

A: Given :  35% of the franchises close after one year with a net loss of $48,000. 30% of the…

Q: Psoddns Suppose that the year nics planned to produce 950,000 units of its portable GPS devices. Of…

A: Given that : Company CE planning to produce 950000 units of GPS devices.

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.