Let x be the required waranty period, then
P(X < x) = P(z < (x - 12)/(8/12)) = 1 - 0.067 = 0.933
P(z < 12(x - 12)/8) = P(z < 1.498)
12(x - 12)/8 = 1.498
x - 12 = 8(1.498) / 12 = 0.9987
x = 12 - 0.9987 = 11
Therefore, they should waranty for 11 years so that no more than 6.7% fail within that time.
cost of production = %13
Let the price be p, then
revenue less price of failed iron = p - 0.067(13) = p - 0.871
Profit = p - 0.871 - 13 = 5
p - 13.871 = 5
p = 5 + 13.871 = 18.871
Therefore, the should charge $18.87 per waffle iron.
Answer:last one
Step-by-step explanation:
Answer:
1/2x +7
Step-by-step explanation:
Let the unknown number be x
We want 1/2 of the number
1/2x
Then 7 more than (add)
1/2x +7
So the questions ask to write an equations that shows how much money will be donated and then solve. So let Y be the amount of money and X will be the number of people attending. So the equation would be y=(10-5.5)X so the answer would be Y=2250. I hope you are satisfied with my answer and feel free to ask for more