Ms B.
asked • 09/27/16You work for a company that wants to start making an selling gaming systems. Out of every 100 systems one is faulty an will need a repair.
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1 Expert Answer
Kenneth S. answered • 09/27/16
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Expert Help in Algebra/Trig/(Pre)calculus to Guarantee Success in 2018
Would you like to STATE A QUESTION?
P.S. you have twice written an when you should have written and.
The company will make 4$ profit on every working system but loose 250$ for every faulty system. Find the expected value from selling the systems.should the company start making an selling systems? Explain your reasoning.
OK, Expected value = 0.99(4) + 0.01(-250) which is decently positive, so that's going to make a profit, overall.
OK, Expected value = 0.99(4) + 0.01(-250) which is decently positive, so that's going to make a profit, overall.
NOTE: company LOSES (one O) $250 on just 1 out of 100 sales.
Ms B.
The question is finished in the comments
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09/27/16
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Ms B.
09/27/16