What is the expected value of the extended warranty

Assignment Help Business Economics
Reference no: EM132021774

Microwave which cost 800.00, has a 20% chance of needing to be replaced in the first 2 years of purchase. A two-year extended warranty cost $112.10 on a microwave. What is the expected value of the extended warranty assuming it is replaced in first 2 years.

Reference no: EM132021774

Questions Cloud

What kind of design is needed : He decides to compare "fun" toys (trucks) with "unfun" toys (baby dolls). He also wishes to see the gender difference as an independent variable.
Explore the relationship between earnings and consumption : You have collected quarterly data on U.S. consumption per capita and real income per capita and wish to explore the relationship between earnings
Investor believes that the stock will increase : The investor believes that the stock will increase by 5% with probability 0.7, and will decrease by 3% with probability 0.3.
What lump sum deposited today : What lump sum deposited today at 12?% compounded quarterly for 5 years will yield the same final amount as deposits of ?$6000
What is the expected value of the extended warranty : A two-year extended warranty cost $112.10 on a microwave. What is the expected value of the extended warranty assuming it is replaced in first 2 years.
What is the amount in the account after 12 ?years : What is the amount in the account after 12 ?years?? ?(Round to the nearest dollar as? needed.)
Applying the general addition rule to the example : Applying the General Addition Rule to the example, P(ace or hearts) = 13/52 + 4/52 - 1/52 = 16/32
Construct a stem-and-leaf plot-specify five-number index : Consider the following data from a random sample: 23 12 26 14 20 25 14 11 21 14 25 21 22 21 8 19 17 22 17 16
Submitting over and over for practice : Using practice questions to review for test, and submitting over and over for practice. Our system generates new numbers every time you submit.

Reviews

Write a Review

Business Economics Questions & Answers

  Physical separation of group members

What are the major effects of the physical separation of group members? How can distance, in some cases, be beneficial to groups and teams?

  Illustrate what is average variable cost

Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of labour is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost. ..

  Tradeoff between speed and acceleration and safety features

When it comes to vehicle performance, there is often a tradeoff between speed & acceleration and safety features (high performance sports cars often have fewer safety features than do, say, minivans). Consider a consumer who is choosing between safet..

  Draw the indifference curve for each consumer

Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X+2Y UB(X,Y) = X*Y The initial endowments are: A: X = 2; Y = 8 B: X = 2; Y = 8 a) Using an Edgeworth Box, graph the initial allocation and draw t..

  Decided to revamp the entire place over a weekend

The owner of Tracy’s Diner decided to revamp the entire place over a weekend. The new décor included warm colors, such as red, which are thought to increase hunger, and softer lighting, which is thought to encourage customers to linger over their foo..

  True of the state of modern macroeconomics

Which of the following statements is TRUE of the state of modern macroeconomics?

  Consider external benefits and external costs

What does the term regulatory capture mean? What are some problems resulting from it? Contrast market failure with government failure in the internalizing of externalities. Is it possible for the government to go too far in trying to internalize exte..

  What made secession significant trend in the history

What made secession a significant trend in the history of the United States? It led directly to the American Civil War. It changed the national identity of the North. It signaled the abolition of slavery in the South. It resolved the Nullification Cr..

  Conduct a test of hypothesis to conclude

Illustrate what import also export means also give one example of every in fashion area. Conduct a test of hypothesis to conclude whether the mean attendance was more.

  The cost leadership strategy emphasizes

Which of the following markets is closest to a perfectly competitive structure? When, in the long run, all firms in a perfectly competitive market structure use the same production technique, then: The only difference between a perfectly competitive ..

  Each firm produces at a quantity where price is set

In a perfectly competitive market, each firm produces at a quantity where price is set

  Enrollment in colleges also universities increases

why the enrollment in colleges also universities increases at times of economic recession

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