A manufacturer of electronic calculations offers a one-year warranty. If the calculators fail for an
Question: A manufacturer of electronic calculations offers a one-year warranty. If the calculators fail for any reason during this period, it is replaced. The time to failure is well modeled by the following probability distribution:
\[f\left( x \right)=0.125{{e}^{-0.125x}}\], x>0(a) What percentage of the calculations will fail within the warranty period?
(b) The manufacturing cost of a calculator is $50, and the profit per sale is $25. What is the effect of warranty replacement on profit?
Price: $2.99
Answer: The downloadable solution consists of 1 page
Solution Format: Word Document
Solution Format: Word Document
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