Question
In: Statistics and Probability
A computer company shipped two new computers to a customer. These two computers were randomly selected...
A computer company shipped two new computers to a customer. These two computers were randomly selected from the 15 computers in stock. Unfortunately, the inventory clerk by mistake mixed up new computers with refurbished computers. As a result, the 15 computers in stock consisted of 11 new computers and 4 refurbished computers. If the customer received one refurbished computer, the company will incur a shipping and handling expense of $100 to replace that computer with a new computer. However, if both computers were refurbished, the customer would cancel the order and the company will incur a total loss of $1,000. If the customer received both computers as new, then there is no extra cost involved (i.e., zero loss). Find the expected value and standard deviation of the computer company's loss. (5 Points)
Solutions
orchestra answered 1 year agoRelated Solutions
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Pear Computer Price ($)
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mouse
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Excell Computers promptly shipped two servers to its biggest client. The company profits RM5,000 on each...
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biggest client. The company profits RM5,000 on each one of these
big systems. The shipping worker randomly selected the system
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The system contain 4 refurbished computer, with 11 new computers in
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If the client gets two new computers, Excell earns RM10,000 profit.
If the client gets a refurbished computer, it’s coming back for
replacement and Excell must pay the RM400...
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If the client gets two new computers, Excell earns RM10,000 profit.
If the client gets a refurbished computer, it’s coming back for
replacement and Excell must pay the RM400...
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