A company makes electronic gadgets. One out of every 50 gadgets are faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a P150 profit on the sale of any working gadget, but suffers a loss of P4,000 for every faulty gadget because they must repair the unit. Check whether the company can expect a profit in the long term

A company makes electronic gadgets. One out of every 50 gadgets are faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a P150 profit on the sale of any working gadget, but suffers a loss of P4,000 for every faulty gadget because they must repair the unit. Check whether the company can expect a profit in the long term

Name: Need help with this probability problem. A company makes electronic ga
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: Need help with this probability problem. A company makes electronic gadgets. One out of every 50 gadgets are faulty, but thecompany doesn't know which ones are faulty until a buyer complains. Suppose thecompany makes a P150 profit on the sale of any