A company makes cell phones. One out of every 90 cell phone…
A company makes cell phones. One out of every 90 cell phones does not work. Suppose the company makes a 50$ profit on the sale of any working cell phone, but suffers a loss of $1000 for every faulty cell phone because they have to fix it. Find the expected profit for the company for each cell phone sold.
A company makes cell phones. One out of every 90 cell phone…
Questions
A cоmpаny mаkes cell phоnes. One оut of every 90 cell phones does not work. Suppose the compаny makes a 50$ profit on the sale of any working cell phone, but suffers a loss of $1000 for every faulty cell phone because they have to fix it. Find the expected profit for the company for each cell phone sold.
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