Expected profit per warranty

Assignment Help C/C++ Programming
Reference no: EM131100440

A company is offering a 2-year extended warranty on a projector. Their research indicates that, on average, about 1 out of 300 of these projectors will fail in the 2 years following the initial manufacturer's warranty. If the projector does fail, they estimate that the repair/replacement cost will average $350.

If the store charges $15 for the extended warranty, what will their expected profit per warranty be?

If the company sells 100,000 projectors and 15% of the customers purchase the extended warranty, what will their expected profits from extended warranty sales be?

Reference no: EM131100440

Questions Cloud

Civilization broadcasting a signal : Consider a civilization broadcasting a signal with a power of 1.4×104 watts. The Arecibo radio telescope, which is about 300 meters in diameter, could detect this signal if it is coming from as far away as 118 light-years. Suppose instead that the..
Show why the overall code is uniquely decodable : By considering a string of 1020 binary symbols into the encoder, show that the number of occurrences of b per input symbol is, with very high probability, very close to 0.1. (d) Combine parts (b) and (c) to find L, the expected number of output bi..
Pairs of jeans to the cost of the jeans : Look at the table that reprecents the local store (1 pair or jean $24 ,2 pair of jean $48 , 3 pair of jean $72 ) for each row in the table , find the ratio of the number of pairs of jeans to the cost of the jeans.
The good homes construction : Reconsider Prob. 10.5-4 involving the Good Homes Construction Co. project to construct a large new home. Michael Dean now has generated the plan for how to crash this project (as given as an answer in the back of the book).
Expected profit per warranty : If the store charges $15 for the extended warranty, what will their expected profit per warranty be? If the company sells 100,000 projectors and 15% of the customers purchase the extended warranty, what will their expected profits from extended wa..
Obtaining future contracts for defense work : Reconsider the Lockhead Aircraft Co. problem presented in Prob. 10.4-6 regarding a project to develop a new fighter airplane for the U.S. Air Force. Management is extremely concerned that current plans for this project have a substantial likelihoo..
Develop your internet and library research skills : Develop your Internet and library research skills. Evaluate your topic from the perspective of different cultures and/or political viewpoints as well as your own. Improve personal and social responsibility.
Find the pmf of d2 : Find the pmf of D2. One point of this exercise is to convince you that Dn is a useful rv for proving theorems, but not an rv that is useful for detailed computation. It also shows clearly that Dn can depend on more than the first n source letters.
Expected value of the game : A game involves rolling two dice. If the sum of the dice is under 6 your pay off is $5, and if the sum is 6 or over you must pay $5. Find the expected value of the game. Is the game fair? Explain.

Reviews

Write a Review

C/C++ Programming Questions & Answers

  People from their own community

In social networks ,each person prefers to meet with people from their own community and are reluctant to switch affiliations. If they switch, they pay a penalty for switching csw and if they visit a meeting of a community different from their own..

  Write a c++ program to grade multiple-choice

Write a C++ program to grade multiple-choice, including True/False, questions for an exam given in a class. A class may have one or more sections.

  Write a switch-case programming for calculation

How to use C++ to write a switch-case programming for calculation? Test the program for a wide range of possible inputs including division by zero and square root of negative values.

  What is the size of int in a 64 bit compiler

Can you explain the question in detail - What is the size of int in a 64 bit compiler?

  Write a function fromhosttonetwork in c

Write a function fromHosttoNetwork in C that will accept an integer variable and covert it from host byte order to network byte order and write a function fromNetworktoHost in C that will accept an integer in network byte order and return an integ..

  Design a class hierarchy to plan the inheritance

You will modify your program to add a specific Critter: Ant. You will design a (simple) class hierarchy to plan the inheritance. You will need to change your array(s) to contain pointers to Ant. Breed() will create a new Ant

  A pattern detector has an input

A pattern detector has an input a 4 x 4 matrix whose elements take values a, b, c, or d. The output is 1 if the matrix contains one b surrounded by eight a's and 0 otherwise.

  Write a scanf statement to read in one number (int

1) Write a scanf statement to read in one number (int), and another statement to print out that number.

  Consider the following schema of an online flight

consider the following schema of an online flight reservation agency.customercid lastname firstname dobflightfid

  Program to determine the smallest number out of 15 numbers

you are a mortgage broker who is determining whether you should provide a mortgage to perspective home purchasers. If you are willing to provide a mortgage, you need to decide how much you should charge the borrower

  Write a driver program called testrationalnumber.cpp

Write a driver program called testRationalNumber.cpp to test each of the above functions and overloaded operators in the RationalNumber class.

  Design and implement a library system

Design and implement a library system that does the following: ? Takes details of a student/library users: first name, last name, other names, user ID number, and nationality.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd