Question

In: Statistics and Probability

An ace electricians dealer sells 3 brands of television: 50% are the first brand which are...

An ace electricians dealer sells 3 brands of television: 50% are the first brand which are Italian made, 30% are the seconds brand which are french made, and 20% are the third brand which are Swiss made. Each TV comes with a 1 year warranty. We know that 25% of the Italian TV's will require repair work under warranty, 20% of the french will require repairs under warranty, and 10% of the Swiss TV's will need repair under warranty.

A.) What is the probability that a randomly selected customer has bought n Italian TV that will need repairs under warranty?

B.) What is the probability that a randomly selected customer has a TV that will need repairs under warranty?

C.) If the customer returns to the store with a TV that needs repairs warranty, what is the probability that it is an Italian TV? French? Swiss?

Please show work

Solutions

Expert Solution

orchestra answered 1 year ago
Next > < Previous

Related Solutions

A dealer sells two brands of new cars. One, C, is of primarily American origin; the...
A dealer sells two brands of new cars. One, C, is of primarily American origin; the other, the G, is primarily Japanese. The dealer makes warranty repairs for both brands and classifies jobs according to the primary problem to be corrected. If in any case there is more than one problem, each one is noted in a separate list. Last year's records indicate the following numbers for the reported problems: Problem: Motor Transmision Escape Armed Other Total Brand C 106...
Chapter 3 Case Study #3 ABC satellite, a satellite television company, sells satellite television service contracts...
Chapter 3 Case Study #3 ABC satellite, a satellite television company, sells satellite television service contracts to customers, usually for a 24-month period. ABC satellite is a fast-growing, high-paced company created by aggressive salesmen. The company’s success has made its owners very wealthy, many of them live a lavish lifestyle and drive luxury cars to work. The retention division of this company is responsible for contacting customers nearing the end of their contract and convincing the customer to renew their...
An investment that currently sells for $50 makes payments everyyear forever, which grow at 3%...
An investment that currently sells for $50 makes payments every year forever, which grow at 3% annually. If the next payment amount is $8, what is the annual return on this investment?
Brand extensions are one way in which strong brands may take advantage of the brand's equity....
Brand extensions are one way in which strong brands may take advantage of the brand's equity. They are an important part of a brand's growth strategy. In NO MORE THAN 300 words, identify and explain at least ONE major advantage and ONE major disadvantage (danger) of brand extension.
1. Silver Corporation, which operates a department store, sells a television to a store employee for...
1. Silver Corporation, which operates a department store, sells a television to a store employee for $300. The regular customer price is $500, and the gross profit rate is 25%. The corporation also sells the employee a service contract for $120. The regular customer price for the contract is $150. How much must the employee include in income from both these transactions in total? a. $125 b. $30 c. $75 d. $0 2. Ellie (a single taxpayer) is the owner...
ABC Company sells 18,000 units of a product at $50 per unit. This is the first...
ABC Company sells 18,000 units of a product at $50 per unit. This is the first year of operations so there is no beginning inventory of finished units. The following information is available:    Units produced                   20,000    Raw material costs per unit          $10.00    Direct labor cost per unit             $4.00    Variable overhead per unit             $6.00    Fixed overhead total costs       $50,000    Fixed overhead costs...
A company produces and sells 3 types of organic fertilizer. A pound of Brand 1 earns...
A company produces and sells 3 types of organic fertilizer. A pound of Brand 1 earns a profit of $3 per pound. Brand II earns a profit of $4 per pound, and Brand III earns a profit of $3 per pound. 1 pound of Brand I requires 3 pounds of raw material and takes 2 hours of labor to produce it. 1 pound of Brand II requires 4 pounds of raw material and takes 3 hours of labor to produce...
Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells...
Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallon-size bottles with a spray attachment. The majority of Garfield’s business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield’s operating information for the first six months of the year follows: Month Number of Bottles Sold Operating Cost January 1,060 $ 10,780 February 1,410 15,730 March 1,790 15,990 April 2,500 19,530 May 3,490 27,740...
Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells...
Garfield Company manufactures a popular brand of dog repellant known as DogGone It, which it sells in gallon-size bottles with a spray attachment. The majority of Garfield’s business comes from orders placed by homeowners who are trying to keep neighborhood dogs out of their yards. Garfield’s operating information for the first six months of the year follows: Month Number of Bottles Sold Operating Cost January 1,060 $ 10,780 February 1,410 15,730 March 1,790 15,990 April 2,500 19,530 May 3,490 27,740...
Question 8 Using a perpetual inventory system, Ace Co. sells some inventory FOB destination. Which account...
Question 8 Using a perpetual inventory system, Ace Co. sells some inventory FOB destination. Which account would Ace Co. record the freight charges? Freight would not be charged to ACE Co – account not required Freight out Merchandise Inventory Cost of Goods Sold Question 9 If a company lists Merchandise Inventory as $201,000 on its trial balance, but the physical count determines the actual value of inventory on hand is $199,000, the adjusting entry will include: a credit to Merchandise...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT