Determine how often appliance was brought to an authority

Assignment Help Macroeconomics
Reference no: EM13209212

For the past four years, Armonco Manufacturing has been offering a three-year limited warranty on all appliances it manufactures. Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability of determining how often any appliance was brought to an authorized service facility. At the beginning of the year, the long-promised computer database linking all service facilities with a central system was finally operational. A preliminary report shows the following results for one of the appliances Armonco manufactures. Your company president has told you that the company experiences product returns at the rate of two per month with the number of product returns distributed as a Poisson reandom variable. Determine the probability that next month there will be: 2. two returns?

Reference no: EM13209212

Questions Cloud

Explain why consumption of marriage has been decreasing : we have stressed that marriage is an institution with many economic aspects. Use your insights as an economist to explain why the consumption of marriage (as measured by age at first marriage, proportion married, and divorce rates) has been decrea..
Identify an emerging social situation : Identify an emerging social situation (a social condition, a trend, a changing institution... it's your choice) that exists at the societal or cross-societal/cross-cultural (Macro) level globally. Describe this situation (that is "What is it?") in th..
Compute the theoretical mass of nylon : calculate the theoretical mass of nylon 6,10, in order to find out the percent yield. - 1mL of sebacyl chloride was used (density = 1.121g/mL) and 2.3 grams of 1,6 hexanediamide
Sociology concepts-two companies have decided to merge : Two companies have decided to merge. One company is a manufacturing company with @1500 employees. The other company is an information systems company that employs @ 200 people. The leaders of the two companies believe that they can complement each ot..
Determine how often appliance was brought to an authority : For the past four years, Armonco Manufacturing has been offering a three-year limited warranty on all appliances it manufactures. Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability..
Explain base pairing between oxoguanine and cytosine : Draw the base pairing between 8-oxoguanine and cytosine and 8-oxoguanine and adenine. Use single bonds to represent hydrogen bonds.
What is the current price elasticity for tacos : Management of McPablo's Food Shops has completed a study of weekly demand for its "old-fashioned" tacos in 53 regional markets. The study revealed the demand function of Q=400-1,200P+0.8A+55Pop+800PL
What is the income elasticity at an income level : The equation for a demand curve has been estimated to be: Q=100-10P+0.5Y Where Q is quantity, P is price and Y is income. Assume that P=7 and Y=50. a.) At a price 7, what is the price elasticity b.) At an income level of 50, what is the income elasti..
Service request from huffman trucking : The individual project for this course is in the form of a Service Request from Huffman Trucking. It is necessary for the student to access Service Request: SR-ht-001. Create a Benefits Election System.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What was the best level of emission reduction

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases.

  Explain why cannot nations like greece or spain

Explain  why cannot nations like Greece or Spain use quantitative easing as a means to stimulate their economies.

  Possible scenarios of supply and demand

Assume you are the manager of a California winery. How would you expect the following events to affect price you will receive for a bottle of wine?

  Finding price elasticity and profit maximization

In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are: TC = 12 + 5Q + Q 2

  Relationship among japan and korea''s unemployment

What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.

  Determine the relationship between the mpc and the mps

If consumption increases through $12 billion when real disposable income raise by $15 billion, What is the value of the MPC? Determine the relationship between the MPC and the MPS?

  Discuss comment on the current issue of exporting jobs

In light of the theory of comparative advantage, "Are Any Restrictions On Free International Trade Advantageous. Discuss comment on the current issue of "Exporting Jobs".

  Indias policies against exchange rates -foreign trade

India's policies against exchange rates, foreign trade, domestic monetary systems and foreign policy. Also expand into how the political situation in India has effected the country economically.

  Calculating quantity and equilibrium price

Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?

  Briefly describe the details of the fictitious business

Briefly describe the details of the fictitious business and evaluate the financial performance of the company using the information provided in the scenario

  What are the short-run effects on the real interest rate

Assume the price level is fixed in the short run so that the economy does not reach a general equilibrium immediately after a change in the economy. For each of the changes what are the short-run effects on the real interest rate and output

  Illustrate what will happen to the equilibrium level

Illustrate what will happen to the equilibrium level of income if investors become optimistic about the country's future and raise their investment.

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