A farmer separated 7 hens from a group of chickens and placed them in a new coop If these 7 hens represent 20% of the total number of chickens the farmer owns, how many chickens does the farmer own?​

Answers

Answer 1

The total number of chickens the farmer owns is 35.

What is percentage?

A quantity or proportion can be expressed as a percentage of 100 by using the word "percentage." It is represented by the sign %.

For instance, when we state that 50 percent of a group of people are women, we mean that 50 out of every 100 people in the group are women.

We can deduce here the total chickens the farmer owns in % = 100%

Hens placed in a new coop = 20% = 7

Let the total number of chickens = x

Thus,

7 / x = 20 / 100

To solve for x, we can cross-multiply and simplify:

7 × 100 = 20 × x

700 = 20x

x = 35

Thus, the total number of chickens = 35.

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Related Questions

A triangle is shown in the image 28 inches 32 inches 8 inches what is the area of the triangle

Answers

The area of the triangle is 128 square inches.

How to find the area of the triangle

To find the area of a triangle, you can use the formula:

Area = (1/2) * base * height

In this case, the base of the triangle is 32 inches and the height is 8 inches.

Plugging these values into the formula, we get:

Area = (1/2) * 32 * 8

Area = 16 * 8

Area = 128 in²

So, the area of the triangle is 128 square inches.

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A triangle is shown in the image. A triangle with a height of 8 inches. The height is perpendicular to the base labeled 32 inches. The side from the top of the perpendicular side to the base is labeled 28 inches. What is the area of the triangle? 256 in2 224 in2 128 in2 112 in2

Cynthia is planning a trip to visit her friend who lives 460 miles away. Her car gets 32 miles per gallon of gas. How many gallons of gas will Cynthia use to get to her friend's house and then back home?

Answers

The length of the Green Route in miles is 64 miles.

What is miles?

Miles is a unit of linear measurement. It is traditionally defined as 5,280 feet, or 1,760 yards, and is equivalent to 1.609 kilometers. Miles are commonly used to measure long distances, such as the distance between two cities. They are also used to measure the lengths of roads and other paths. Miles are one of the most commonly used units of measurement in the United States.

The length of the Green Route in miles can be calculated by subtracting the total mileage traveled on the Blue Route from the total mileage traveled on both routes.

Total miles traveled on Monday = 38 miles
Total miles traveled on Tuesday = 80 miles

Total miles traveled on the Blue Route = 5 + 11 = 16 miles

Therefore, the total miles traveled on the Green Route = 80 - 16 = 64 miles

Therefore, the length of the Green Route in miles is 64 miles.

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Which of the following shows an example of the identity property of 0?
○ 꼭 + (-2) = 0
O 0+ (-10%) = - 10/
0 + 1 = 1/2
0-3 1/2+7= 3/1/

Answers

The expression 0 + 10 = 10 is an examle of the identity property of 0

Idenfitying which shows an example of the identity property of 0?

From the question, we have the following parameters that can be used in our computation:

The list of options

The identity property of 0 states that

A number added to 0 equals to the number

Mathematically, we have

a + 0 = 0

The options are not clear

So, I will give another example of this property

The expression 0 + 10 = 10 is an examle of the identity property of 0

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A company may acquire property, plant, equipment, and intangible assets for cash, in exchange for a deferred payment contract, by exchanging other assets, or by a combination of these methods. Identify six types of costs that should be capitalized as the cost of a parcel of land. For your answer, assume that the land has an existing building that is to be removed in the immediate future so that a new building can be constructed on the site. At what amount should a company record an asset acquired in exchange for a deferred payment contract? In general, at what amount should assets received in exchange for other nonmonetary assets be valued? Specifically, at what amount should a company value a new machine acquired by exchanging an older, similar machine and paying cash?

Answers

Six types of costs are:

Closing costsPurchase costBrokerage commissionsSurveying feesDemolition costsSite preparation costs

How the asset is to be recorded

For assets attained in exchange for a deferred payment contract, the asset should be documented at its fair worth, which is the prevailing market rate. If establishing the fair value of the asset proves to be impracticable, the asset should be recorded based on the current value of upcoming payments due under the deferred payment agreement, stated using an apposite interest rate.

Generally, assets acquired in exchange of other non-monetary commodities should be appraised at their fair worth. If the truthful appraisal of the exchanged assets is uncertain, the assets should be noted down according to the seized amount of the items provided, including any received or paid cash during the transaction.

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The Question is inside of the picture

Answers

Answer:

it is the opposite way around

Step-by-step explanation:

A simple random sample of size n is drawn from a population that is normally distributed. The sample mean, x, is found to be 106, and the sample
standard deviation, s, is found to be 10.
(a) Construct a 95% confidence interval about u if the sample size, n, is 16.
(b) Construct a 95% confidence interval about u if the sample size, n, is 11.
(c) Construct a 90% confidence interval about μ if the sample size, n, is 16.
(d) Could we have computed the confidence intervals in parts (a)-(c) if the population had not been normally distributed?

Answers

In light of this, the 95% confidence interval for is (100.67, 111.33) as s is the sample standard deviation, n is the sample size.

what is standard deviation ?

A collection of information's values' standard deviation serves as a gauge for how much variance or dispersion there is. It is a statistical word used to describe the degree to which the individual data points depart as from mean or average value that is contained in the data set. By taking taking square root of the variance—the sum of the squared deviations amongst each point in the data and the mean—we can determine the standard deviation. While a high standard deviation suggests that the data points are widely dispersed, a modest standard deviation suggests that the statistics are close to the mean.

given

(a) When the sample size, n, is 16, we can apply the following formula to create a 95% confidence interval regarding the population mean, :

x ± tα/2 * (s/√n)

where t/2 is the crucial value from the t-distribution with n-1 degrees of freedom and a confidence level of 95%, and x is the sample mean, s is the sample standard deviation, n is the sample size.

We determine that t0.025,15 = 2.131 using a t-distribution table or calculator.

When we enter the values, we obtain:

106 ± 2.131 * (10/√16)

which is equivalent to:

106 ± 5.33

In light of this, the 95% confidence interval for is (100.67, 111.33) as s is the sample standard deviation, n is the sample size.

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2. Find g(f(-4)) when f(x)= 4x+5 and g(x) = 4x^2 -5x - 3
A. 9
B.8
C.329
d. 536
D.536

Answers

The value of the function g(f(-4)) = 536. Option D

How to determine the value

From the information given, we have that the functions are;

f(x)= 4x+5

g(x) = 4x^2 -5x - 3

To determine the composite function,  g(f(-4)), we need to first determine the value of the function f(x) at -4

Now, substitute the value, we have;

f(-4) = 4(-4) + 5

expand the bracket, we get;

f(-4) = - 16 + 5

Add the values

f(-4) = -11

Now, substitute the value in the function g(x), we have that;

g(f(-4)) = 4(-11)² - 5(-11) - 3

find the square and expand the bracket

g(f(-4)) =484 + 55 - 3

Subtract the values, we have;

g(f(-4)) = 536

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.If $10,000 is deposited in an account earning 5 ¾ % interest compounded monthly. How much money will be in the account in 5 years.

Answers

The total amount in the acount in 5 years is approximately $13,321.76.

What is the accrued amount in the account in 5 years?

The formula accrued amount in a compounded interest is expressed as;

[tex]A = P( 1 + \frac{r}{n} )^{n*t}[/tex]

Where A is accrued amount, P is principal, r is interest rate and t is time.

Given that:

Principal P = $10,000Compounded monthly n = 12Time t = 5 yearsInterest rate r = 5 3/4% = 5.75%Accrued amount A = ?

First, convert R as a percent to r as a decimal

r = R/100

r = 5.75/100

r = 0.0575

Plug the given values into the above formula and solve for A.

[tex]A = P( 1 + \frac{r}{n} )^{n*t}\\\\A = 10000( 1 + \frac{0.0575}{12} )^{(12*5)}\\[/tex]

A = $13,321.76

Therefore, the accrued amount is $13,321.76.

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Question 2 Mohammed and Mira are getting married. They are looking for a catering service for their wedding day. The cost of hiring a catering service to serve food is depends on the number of persons (pax). It costs RM120/pax for 30 persons or less, RM105/pax for 31 to 60 persons, and RM95/pax for 61 to 100 persons. For more than 100 persons, the cost is at RM80/pax. a) Construct the piecewise function for the problem. b) Graph the piecewise functions. c) If they pay RM9025 for the catering service, how many persons that they invite to their wedding? (8 Marks)​

Answers

a) The  piecewise function is 80p, if p > 100 b) For p > 100, the graph will be a straight line passing through the point (100, 100 × 80) with a slope of 8

How to determine the piecewise function for the problem

a) We can define a piecewise function f(p) to represent the cost of catering service depending on the number of persons (pax).

f(p) =

120p, if p ≤ 30

105p, if 31 ≤ p ≤ 60

95p, if 61 ≤ p ≤ 100

80p, if p > 100

b) To graph the piecewise function, we can plot the points for each of the four parts of the function, and connect them with line segments. The graph will have four segments, each with a different slope.

For p ≤ 30, the graph will be a straight line passing through the origin with a slope of 120.

For 31 ≤ p ≤ 60, the graph will be a straight line passing through the point (31, 31 × 105) with a slope of 105.

For 61 ≤ p ≤ 100, the graph will be a straight line passing through the point (61, 61 × 95) with a slope of 95.

For p > 100, the graph will be a straight line passing through the point (100, 100 × 80) with a slope of 80.

c) To find how many persons they invite to their wedding, we can use the inverse function of f(p) and plug in the given cost of RM9025.

Let C = RM9025, then

120p, if p ≤ 30

105p, if 31 ≤ p ≤ 60

95p, if 61 ≤ p ≤ 100

80p, if p > 100

Case 1: p ≤ 30

120p = C

p = C/120 = 9025/120 = 75.2083

Since p must be an integer, we round up to the nearest integer. Therefore, if they invite 76 persons, the cost of catering service will be more than RM9025.

Case 2: 31 ≤ p ≤ 60

Let x = p - 30, then

105x + 120 × 30 = C

105x = C - 3600

x = (C - 3600)/105 = (9025 - 3600)/105 = 54.5238

Therefore, if they invite 31 + 54 = 85 persons, the cost of catering service will be RM9025.

Case 3: 61 ≤ p ≤ 100

Let x = p - 60, then

95x + 120 × 30 + 105 × 30 = C

95x = C - 9750

x = (C - 9750)/95 = (9025 - 9750)/95 = 0.7632

Therefore, if they invite 60 + 0.7632 × 100 = 137 persons, the cost of catering service will be RM9025.

Case 4: p > 100

Let x = p - 100, then

80x + 120 × 30 + 105 × 30 + 95 × 40 = C

80x = C - 17700

x = (C - 17700)/80 = (9025 - 17700)/80 = -109.375

Since p must be a positive integer, this case is not possible.

Therefore, Mohammed and Mira should invite 85 persons to their wedding to pay RM9025 for the catering service.

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HOW MANY WAYS ARE THERE TO PICK 3 ASTRONAUTS TO GO TO THE MOON OUT OF 10 CANDIDATES

Answers

The number of ways to pick 3 astronauts from 10 candidates can be found using the combination formula, which is:

nCk = n! / (k!(n-k)!)

where n is the total number of candidates, k is the number of candidates to be chosen, and "!" denotes the factorial function.

In this case, we want to choose 3 astronauts from a pool of 10 candidates, so we can plug these values into the formula:

10C3 = 10! / (3!(10-3)!)

= (10 x 9 x 8) / (3 x 2 x 1)

= 120

Therefore, there are 120 ways to pick 3 astronauts to go to the moon out of 10 candidates.

Answer:

120 or 220

Step-by-step explanation:

Which linear equation is represented in the graph?

A. y = x – 1
B.y = 2x – 1
C. y = x + 1
D. y = 3x – 1

Answers

The answer is B.y=2x-1

A pole that is 3m tall cast a shadow that is 1.15m long at the same time a nearby building cast a shadow that is 40.75m long. How tall is the building

Answers

Answer:

The heights and shadows of the objects are legs of similar right triangles. We can use these similar triangles to set up a proportion to solve for the height of the building.

2.9 / 1.26 = x / 47.25

x = 108.75 m

Julieta says that it is not possible to draw a quadrilateral that is not a trapezoid and a parallelogram. Is Julieta correct explain why or why not.

Answers

Julieta's claim about the quadrilateral is false.

How to prove or disprove Julieta claim?

The statement is given as:

It is impossible to draw a quadrilateral that is not a trapezoid and not a parallelogram.

The condition for a shape to be a quadrilateral is that the shape must have four sides.

An irregular shape that has four sides is a quadrilateral, but neither a quadrilateral nor a parallelogram

Therefore, Julieta's claim is false

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Please solve this quickly!!!!

Answers

The sum expression [tex][2(4 + \frac9n)^4](\frac9n) + ... + [2(4 + \frac{9n}n)^4](\frac9n)[/tex] using the sigma notation is [tex]\sum\limits^{n}_{i=1} [2(4 + \frac{9i}n)^4](\frac9n)[/tex]

Writing the sum using the sigma notation

From the question, we have the following parameters that can be used in our computation:

[tex][2(4 + \frac9n)^4](\frac9n) + ... + [2(4 + \frac{9n}n)^4](\frac9n)[/tex]

From the above expression, we can see that the different expression in each term is

9/n

So, we introduce a variable

Assuming the variable is i, the i-th term of the expression would be[tex]t(i) = [2(4 + \frac{9i}n)^4](\frac9n)[/tex]

When represented using the sigma notation, we have

[tex]\sum\limits^{n}_{i=1} [2(4 + \frac{9i}n)^4](\frac9n)[/tex]

Hence, the sum expression using the sigma notation is [tex]\sum\limits^{n}_{i=1} [2(4 + \frac{9i}n)^4](\frac9n)[/tex]

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Find tan A for the triangle below. A right triangle. The hypotenuse is 18.03, the side opposite to angle A is 10, and the side adjacent to angle A is 15. a. 1.5 b. 0.667 c. 0.832 d. 1.202

Answers

The value of tan A is 0. 667. Option B

How to determine the value

To determine the value of the identity, we need to take note of the different trigonometric identities.

these identities are;

sinetangentcotangentcosinecosecantsecant

We also have that the ratio for the tangent identity is expressed as;

tan θ= opposite/adjacent

From the information given, we have that;

The hypotenuse is 18.03, the side opposite to angle A is 10, and the side adjacent to angle A is 15

Then, for the identity, we have;

tan A = 10/15

Divide the values

tan A = 0. 667

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Expand the expression below. Express each answers in terms of log or log y to log8x^2

Answers

Expressing the expansion of the logarithm in terms of log y, we can write: log(8x^2) = log(8) + 2*log(y), where y = x

What is the value of the expansion of the logarithm?

Using the logarithmic identity that states log(a^b) = b*log(a), we can expand log(8x^2) as:

log(8x^2) = log(8) + log(x^2)

Note that a  logarithmic identity is a mathematical relationship or equation that involves logarithms.

We can further simplify log(x^2) as:

log(x^2) = 2*log(x)

Therefore, we can write:

log(8x^2) = log(8) + 2*log(x)

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0.0625 What is the equivalent percent? %​

Answers

Answer:6.25%

Step-by-step explanation:

Given the following similar triangles, what is the area of triangle B?
A 1
B 1.8
C 3.2
D 5

Answers

The calculated area of the triangle B is 1.8 square units

What is the area of triangle B

From the question, we have the following parameters that can be used in our computation:

Triangle A and B

Where

Area of A = 1/2 base * height

Sp, we have

Area of A = 1/2 * 2 * 5

Next, we have

Area of B = Area of A * Scale factor^2

Using the above as a guide, we have the following:

Area of B = 1/2 * 2 * 5 * (3/5)^2

Evaluate

Area of B = 1.8

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step-by-steps to Solve a system of linear equations using matrices.

Answers

In order to properly solve a system of linear equations utilizing matrices, you must abide by the below instructions:

How to explain the equation

First, create a matrix representation of the system of equations.  

Second, generate an augmented matrix by merging the coefficient matrix together with the constant matrix.

Third, apply elementary row operations in order to transform the augmented matrix into either row echelon or reduced row echelon form.

Fourth, use back substitution to accurately determine the variable values.

Ultimately, enter this solution into the original equation in order to obtain the primary variable value.

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Solving linear equations using matrices involves steps ranging from creating an augmented matrix, performing row operations, back substitution, and then interpreting results

To solve a system of linear equations using matrices, follow these step-by-step instructions:

Step 1: Write the system of linear equations in matrix form.
Represent the coefficients of the variables as a matrix (called the coefficient matrix), and the constants on the right side of the equations as another matrix (called the constant matrix).

Step 2: Create the augmented matrix.
Combine the coefficient matrix and the constant matrix into a single matrix by appending the constant matrix as an additional column. This combined matrix is called the augmented matrix.

Step 3: Perform row operations to achieve row-echelon form.
Use row operations (swapping rows, multiplying a row by a constant, or adding/subtracting rows) to manipulate the augmented matrix into row-echelon form. Row-echelon form has zeroes below the diagonal and non-zero elements on the diagonal.

Step 4: Perform back-substitution.
Starting from the last row of the row-echelon form matrix, solve for the variables using back-substitution. Substitute the values of the variables you find into the previous rows to determine the remaining variable values.

Step 5: Interpret the results.
Once you have solved all the variables, you have found the solution to the system of linear equations. If there are infinitely many solutions or no solutions, this will be indicated by the row-echelon form.

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7. The plot of land modeled below is composed of a right triangle and a rectangle. If Patrick wants to install a fence around the perimeter of the plot of land, how many feet of fencing will be needed ​

Answers

The number of feet of fencing that will be needed ​is illustrated below

How many feet of fencing will be needed ​

The feet of fencing that will be needed ​is the perimeter of the fence

To find the perimeter of a composite figure, we need to add up the lengths of all the sides of the figure.

In this case, we add the side lengths of the rectangle to the side lengths of the right triangle and subtracting the common lengths between both shapes

Take for instance, we have

Right triangle: 3 units, 4 units and 5 unitsRectangle: 4 by 5 unitsCommon segment: 4 units

So, we have

Fencing = 2 * (4 + 5) + 3 + 4 + 5 - 2 * 4

Fencing = 22 units

So, the amount of fencing for the assumed dimensions is 22 units

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Please I need help soon as possible

Answers

Answer:

[tex]x^2 + 10x+25[/tex]

Step-by-step explanation:

(x + 5)^2 is the same as (x + 5)(x + 5), which is what you call a binomial expression, since two terms (x + 5) are being multiplied by each other.  You can multiply any binomial expression using the FOIL method, where you multiply the first (F), outer (O), inner (I), and last terms and simplify at the end:

First terms:  x * x

Outer terms:  x * 5

Inner terms:  5 * x

Last terms:  5 * 5

Simplifying:

[tex](x * x) + (x * 5) + (5 * x) + (5 * 5)\\x^2+5x+5x+25\\x^2+10x+25[/tex]

I need to find both of the solutions to the equation 100+(n-2)^ = 149

Answers

The solutions to the equation 100+ (n - 2)² = 149 are n = 9 and n = -5

Finding the solutions to the equation 100+ (n - 2)² = 149

From the question, we have the following parameters that can be used in our computation:

The equation 100+ (n - 2)² = 149

Express as

100+ (n - 2)² = 149

Subtract 100 from both sides of the equation

So, we have the following representation

(n - 2)² = 49

Take the square root of both sides

n - 2 = 7 and n - 2 = -7

Add 2 to both sides

n = 9 and n = -5

Hence, the solutions to the equation 100+ (n - 2)² = 149 are n = 9 and n = -5

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Find the slope of the tangent to f(x) = x^2 at the point (-2,4).

Answers

Answer:

f'(x) = 2x, so f'(-2) = 2(-2) = -4.

6. Ari, a gardener, estimates the cost of seeding a 150 m by 210 m area with grass seed. He needs 3 pounds of seed per 100 000 square feet. How many pounds of seed will Ari need?​

Answers

Ari will need 3.6 pound of seed.

We are Given that total number of pounds of grass seed needed

9

Let number of pounds of Bermuda seeds is x

Let number of pounds of Fescue seeds is y

Then sum of both gives equation:

x+y=9

y=9-x...(i)

Given that cost of 1 pound of Bermuda seed = $4.80

Then cost of x pound of Bermuda seed = $4.80x

The cost of 1 pound of Fescue seed = $3.50

Then cost of y pound of Fescue seed = $3.50y

The total cost will be 4.80x + 3.50y

Now combining all three parts, we get equation:

4.80x+3.50y=4.02 x 9

4.80x+3.50y=36.18...(ii)

4.80x+3.50y=36.18

4.80x+3.50(9-x)=36.18

4.80x+31.5-3.50x=36.18

4.80x-3.50x=36.18-31.5

1.3x=4.68

x=3.6

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1. Working on a circle of radius 10cm, explain in detail how to determine the values of each of the following trigonometric expres- sions. Include a picture for each to help with your explanations.
(a) cos(5π)
(b) sin(−9π/2)
(c) sin(183π/2)

2. Approximate the value of cos π◦. Explain your reasoning. Do not use a calculator. Include a picture to help with your explanation.

Answers

The x-coordinate of this point is -1, so cos(5π) = cos(900 degrees) = -1.

The y-coordinate of this point is -1, so sin(-9π/2) = sin(-810 degrees) = -1.

The y-coordinate of this point is 1, so sin(183π/2) = sin(16,470 degrees) = 1.

How to calculate the value

It should be noted that go find cos(5π), we first need to convert 5π to degrees. We know that π radians is equal to 180 degrees, so 5π radians is equal to 5π × (180/π) = 900 degrees. The x-coordinate of this point is -1, so cos(5π) = cos(900 degrees) = -1.

Also, to find sin(-9π/2), we first need to convert -9π/2 to degrees. We know that π radians is equal to 180 degrees, so -9π/2 radians is equal to -9π/2 × (180/π) = -810 degrees. The y-coordinate of this point is -1, so sin(-9π/2) = sin(-810 degrees) = -1.

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. The students in a furniture-making class make a tabletop shaped like the figure shown. The tabletop has squares cut out of the corners. a. What is the area of the tabletop?​

Answers

The area of the tabletop made by the students in the furniture - making class would be 26 ft ²

How to find the area ?

We can see that this tabletop made by students in the furniture - making class takes the form of a composite shape with two smaller rectangles and one large rectangle.

The area of the large rectangle is:

= 4 ft x ( 1 + 3 + 1 )

= 4 ft x 5 ft

= 20 ft ²

The area of the two smaller rectangles is:

= 2 x ( 3 ft x 1 ft )

= 2 x 3

= 6 ft ²

The total area of the tabletop is:

= 20 + 6

= 26 ft ²

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Here's a box plot that summarizes the average monthly rainfall of several
cities.
□•
H▬▬▬▬▬▬|||▬▬▬▬▬▬▬▬▬▬▬▬▬▬||▬▬▬▬▬▬▬▬▬▬
0 1 2 3 4 5 6 7 8
Monthly rainfall (centimeters)
Find the range of the data.
cm
Stuck? Review related articles/videos or use a hint.
Report a problem

Answers

The range of the monthly rainfall data for the cities is approximately 7 centimeters.

To find the range of the data from the given box plot, we need to determine the highest and lowest values of the dataset. Looking at the box plot, we can see that the "H" represents the high outlier and the "□" represents the low outlier. The vertical line at the bottom of the box represents the minimum value and the vertical line at the top of the box represents the maximum value of the dataset within the interquartile range.

Using the scale on the x-axis, we can estimate the minimum value to be around 0.5 centimeters and the maximum value to be around 7.5 centimeters. The high outlier is located at around 8 centimeters and the low outlier is located at around 0 centimeters.

Therefore, the range of the data is the difference between the highest and lowest values, which is:

range = maximum value - minimum value = 7.5 - 0.5 = 7 centimeters

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100 Points! Algebra question. Please show as much work as possible. Thank you!

Answers

The first term a₁ of the geometric series is equal to 121.5

How to evaluate for a₁ of the geometric series

For a geometric series when the common ratio |r| > 1, then we use the formula for the sum of nth term:

Sₙ = a(rⁿ - 1)/(r - 1)...(1)

The nth term aₙ = arⁿ⁻¹

Thus for Sₙ = 4860 and aₙ = 3280.5, the value of a₁ can be derived as follows:

aₙ = arⁿ⁻¹

aₙ = arⁿ/r = 3280.5

rⁿ = a(r × 3280.5)/a

rⁿ = 9841.5/a

putting 9841.5/a for rⁿ in equation (1) we have;

Sₙ = a[(9841.5/a) - 1]/(r - 1)

Sₙ = (9841.5 - a)/(r - 1)

recall Sₙ = 4860 and r = 3 so;

(9841.5 - a)/2 = 4860

a = 9841.5 - 2(4860)

a = 121.5

Therefore, the first term a₁ of the geometric series is equal to 121.5

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How many different ways are there to arrange the letters in the word MISSISSIPPI?

Answers

Answer: 34,650 permutations

The service history of the Prego SUV is as follows: 50%will need no repairs during the first year, 35% will have re-pair costs of $500 during the first year, 12% will have repair costs of $1500 during the first year, and the remaining SUVs(the real lemons) will have repair costs of $4000 during their first year. Determine the price that the insurance company should charge for a one-year extended warranty on a Prego SUV if it wants to make an average profit of $50 per polic

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The price that the insurance company should charge for a one-year extended warranty on a Prego SUV is $402.

To determine the price that the insurance company should charge for a one-year extended warranty on a Prego SUV, the company needs to calculate the expected value of the repair costs and then add their desired profit to it.

Let's assume that the price for the warranty is x dollars. Then, the expected value of the repair costs for the insurance company would be:

(0.50)(0) + (0.35)($500) + (0.12)($1500) + (0.03)($4000) = $352

This means that on average, the insurance company can expect to pay out $352 in repair costs for each policy sold. To make an average profit of $50 per policy, the insurance company should charge:

x = $352 + $50 = $402

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