A company makes electronic gadgets. one out of every 50 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $3 profit on the sale of any working gadget, but suffers a loss of $80 for every fault gadget because they have to repair the unit. Check whether the company can expect a profit in the long term. If the company could instead improve gadget reliability so that only 1% of gadgets were faulty, what is the allowable reduction in profit per unit that the comnany can afford?
A company makes electronic gadgets. one out of every 50 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $3 profit on the sale of any working gadget, but suffers a loss of $80 for every fault gadget because they have to repair the unit. Check whether the company can expect a profit in the long term. If the company could instead improve gadget reliability so that only 1% of gadgets were faulty, what is the allowable reduction in profit per unit that the comnany can afford?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section3.7: Piecewise And Step Functions
Problem 30PPS
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