Question

The shelf life (Unit: years) of a product G is an exponentially random variable. Know the...

The shelf life (Unit: years) of a product G is an exponentially random variable. Know the average shelf life of product G is 3 years and each product G is warranted for 1 year.
a. Randomly select a G product, calculate the probability this product has a shelf life that exceeds the warranty period.
b. Buy more products from the M factory already used, calculate the probability to use the product for another 10 years

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A store offers a new seasonal featured product. Let N be the random variable which designates...
A store offers a new seasonal featured product. Let N be the random variable which designates the number of customers who come to the store during the season, where N ∼ Poi (30). It is estimated that the probability that a customer will buy this new product is 0,7 and this independently of one customer to another. a) It is assumed here that the store has an unlimited stock of this product. Let X and Y be the random variables...
Choose teh correct classification: Product DM, DL, FOH Period Selling /G&Adm Direct or Indirect Variable or...
Choose teh correct classification: Product DM, DL, FOH Period Selling /G&Adm Direct or Indirect Variable or Fixed 1. Depreciation on salespersons’ cars 2. Rent on equipment used in teh factory 3. Lubricants (purchased in 5kg packaging) used for machine maintenance 4. Wages of people paid per hour who work in teh finished goods warehouse 5. Soap and paper towels used by factory workers at teh end of a shift 6. Factory supervisors’ salaries 7. Heat, water, and power consumed in...
8.      You are considering a new product launch. The project will cost $680,000, have a four-year...
8.      You are considering a new product launch. The project will cost $680,000, have a four-year life, and have no salvage value; depreciation is straight-line to zero. Sales are projected at 100 units per year, price per unit will be $19,000, variable cost per unit will be $14,000, and fixed costs will be $150,000 per year. The required return on the project is 15%, and the relevant tax rate is 35%. Ignore the half-year rule for accounting for depreciation.         ...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
Fancy Millwork has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials and labor for the cabinets are determined by each job. To simplify the assignment, we will assume the following average costs. The company estimates that it will have 32,000 direct labor hours in total for the kitchen cabinets. The materials include $2,000 for the wood and other materials on a per job basis. It requires 40 hours of labor on average for a custom...
Multiple Choice 1. At the reporting date, the carrying value of the cash-generating unit has been...
Multiple Choice 1. At the reporting date, the carrying value of the cash-generating unit has been reduced by CU800. The unit includes the following assets: CU 4000 land; CU 3000 factory building; Goodwill CU 1000. The carrying amount of goodwill after the allocated impairment value is: a. CU 200 b. CU 0 c. CU 1000 d. CU 900 2. As of December 31, 2018, PT Sensi chartered a vessel from PT Kapalindo for the eight-year period ending December 30, 2026....
g 1) Farmers can plant either corn or soybeans in their fields. Which of the following...
g 1) Farmers can plant either corn or soybeans in their fields. Which of the following would cause the supply of soybeans to increase? A) an increase in the price of soybeans B) a decrease in the price of corn C) an increase in the demand for corn D) an increase in the price of soybean seeds E) an increase in the price of tomatoes 2) For a perfectly competitive firm, which of the following is not trueat profit maximization?...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding a new bronze casting line to its production facility. Over the past several years the artistic community in Park City and along the Wasatch front has significantly increased and the company has received an increasing number of requests to do bronze castings. The casting line would be set up in unused space in Gilroy’s main plant. The equipment would cost approximately $200,000, plus another...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding...
Capital Budgeting             Gilroy’s Casting Company, which has historically specialized in aluminum casting is considering adding a new bronze casting line to its production facility. Over the past several years the artistic community in Park City and along the Wasatch front has significantly increased and the company has received an increasing number of requests to do bronze castings. The casting line would be set up in unused space in Gilroy’s main plant. The equipment would cost approximately $200,000, plus another...
Question 1 2 pts Let x represent the height of first graders in a class. This...
Question 1 2 pts Let x represent the height of first graders in a class. This would be considered what type of variable: Nonsensical Lagging Continuous Discrete Flag this Question Question 2 2 pts Let x represent the height of corn in Oklahoma. This would be considered what type of variable: Discrete Inferential Distributed Continuous Flag this Question Question 3 2 pts Consider the following table. Age Group Frequency 18-29 9831 30-39 7845 40-49 6869 50-59 6323 60-69 5410 70...
1- Many U.S. firms with a large percentage of their revenues derived in foreign countries prefer...
1- Many U.S. firms with a large percentage of their revenues derived in foreign countries prefer to leave their cash outside the United States because using those funds to pay dividends or purchase treasury stock would Select one: a. promote foreign investment. b. require a big U.S. corporate income tax payment. c. create pressure for decreased exporting. d. decrease foreign exchange. e. inflate stock prices. 2- In projected financial statements, what is used as a plug figure? Select one: a....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT