Question

In: Math

A copier cost $200 for each repair call, after 3 calls they are free (For example...

A copier cost $200 for each repair call, after 3 calls they are free (For example 1 call= $200, 3 or more calls = $600). The following chart shows the probability of how many repair calls you will have in 1 year. Questions 36-37

pls show work

# Repairs

0

1

2

3 or more

Probability

0.30

0.41

0.20

0.10

36. What is the expected repair call costs for 1 year?

  1. $150.00

  2. $200.00

  3. $206.00

  4. $220.00

  5. $300.00

37. What is the probability that one repair call cost will be more than $200 for 1 year?

  1. .70

  2. .40

  3. .30

  4. .20

  5. .10

38. The daily high temperature of Los Angeles in the month of December is normally distributed with a mean of 58 degrees Fahrenheit and a standard deviation of 2 degrees fahrenheit. What percent of high temperatures are between 60 and 64?

  1. 68%

  2. 84%

  3. 15.85%

  4. 16%

  5. None of the above

39. If P(A) = 0.38, P(B) = 0.83, and P (A ∩ B) = 0.57; then P(A U B) =

  1. 1.21

  2. 0.64

  3. 0.78

  4. 1.78

  5. None of the above

Solutions

Expert Solution

36. What is the expected repair call costs for 1 year?

Answer: $220.00

37. What is the probability that one repair call cost will be more than $200 for 1 year?

Answer: 0.30

38. The daily high temperature of Los Angeles in the month of December is normally distributed with a mean of 58 degrees Fahrenheit and a standard deviation of 2 degrees Fahrenheit. What percent of high temperatures are between 60 and 64?

Answer: 15.85%

39. If P(A) = 0.38, P(B) = 0.83, and P (A ∩ B) = 0.57; then P(A U B) =

Answer: 0.64


Related Solutions

A salesman has an 80% chance of making a sale on each call. If 3 calls...
A salesman has an 80% chance of making a sale on each call. If 3 calls are made, let X=total number of sales and Y=total profit from the sales were the profit Y is calculated as follows: Any Sales on the first two calls yield a profit of $100 each. By the time the third call is made, the original product has been replaced by a new product whose sale yields a profit of $200. Thus, for example, the sequence...
A warranty repair is an example of _______ cost.
A warranty repair is an example of _______  cost. 1. an appraisal 2. Once again, none of the answers on this list is true! 3. an external failure 4. a prevention 5. an internal failure
Use the put-call parity relationship to demonstrate that a butterfly spread using calls should cost the...
Use the put-call parity relationship to demonstrate that a butterfly spread using calls should cost the same as a butterfly spread using puts, when the underlying asset, strike price and maturity dates of each spread are the same.
Boris and Bela buy 1 January 40 Call @$6 and sell 2 January 50 Calls@$3 and...
Boris and Bela buy 1 January 40 Call @$6 and sell 2 January 50 Calls@$3 and buy 1 January 55 Call@$1. A. Find the Profit and Loss, Y, at expiration if the stock at expiration is $40, $50, and $60 per share. B. Determine the breakeven points.   Your final answers should be correct to 2 places after the decimal point.
3 pros and 3 cons to free healthcare with explanations for each
3 pros and 3 cons to free healthcare with explanations for each
In 200 words or more, describe an example of indirect cost allocation in the manufacturing industry....
In 200 words or more, describe an example of indirect cost allocation in the manufacturing industry. Provide at least two examples of chosen topic using specific information.
After reading the cases below please answer each question for each case   (200 words minimum each)...
After reading the cases below please answer each question for each case   (200 words minimum each) What are the issues or concerns in the case? Based on the text book what issues or concerns are wrong with the case? (3 sources) What could be the possible employee reactions? How would you discuss the issue or concern with the employee/s? What, if any, would be a disciplinary action? Describe in detail what the training module would look like to prevent the...
After reading the cases below please answer each question for each case   (200 words minimum each)...
After reading the cases below please answer each question for each case   (200 words minimum each) What are the issues or concerns in the case? Based on the text book what issues or concerns are wrong with the case? (3 sources) What could be the possible employee reactions? How would you discuss the issue or concern with the employee/s? What, if any, would be a disciplinary action? Describe in detail what the training module would look like to prevent the...
1. You are a nurse readying your client who is 3 days after surgical hip repair,...
1. You are a nurse readying your client who is 3 days after surgical hip repair, to transfer to a rehabilitation facility for continued therapy. As your client's history includes dementia and a high potential for infection, communication is in order to ensure optimal continuity of care. The patient's family members are supportive but somewhat divided as to her living arrangements after she has completed her physical rehabilitation. 1. What data in the scenario are pertinent? 2. Describe some of...
2.impact of Differentiation on each of Porter’s 5 forces. example. 3.define the sources of cost advantages....
2.impact of Differentiation on each of Porter’s 5 forces. example. 3.define the sources of cost advantages. example 4. define the impact of Cost Advantage on each of Porter’s 5 forces. example for each one.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT