Question

A factory produces widgets of assorted colors. On the average, 1 out of 100 widgets produced is defective and has to be replaced at a cost of $6.00. The profit margin is $2.00 per widget. What would the profit be per unit selling 300 widgets?

Name: a factory produces widgets of assorted colors on the average 1 out of 100 widgets produced is defective and has to be replaced at a cost of 600 the profit margin is 200 per widget what would 31522
Uploaded: 2022-05-21T09:10:41-08:00
Duration: 3 min 22 s
Channel: Diwakar Mandilwar
Description: a factory produces widgets of assorted colors on the average 1 out of 100 widgets produced is defective and has to be replaced at a cost of 600 the profit margin is 200 per widget what would 31522

          A factory produces widgets of assorted colors. On the average, 1
out of 100 widgets produced is defective and has to be replaced at
a cost of $6.00. The profit margin is $2.00 per widget. What would
the profit be per unit selling 300 widgets?

Added by Gregory R.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Diwakar Mandilwar

05/21/2022

Step 1

Calculate the number of defective widgets in 300 units: - On average, 1 out of 100 widgets is defective, so in 300 widgets, there would be 3 defective widgets. Show more…

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A factory produces widgets of assorted colors. On the average, 1 out of 100 widgets produced is defective and has to be replaced at a cost of $6.00. The profit margin is $2.00 per widget. What would the profit be per unit selling 300 widgets?