subject
Mathematics, 10.05.2021 19:00 angie249

Cast Iron Company, on each nondelinquent sale, receives revenues with a present value of $1,230 and incurs costs with a value of $1,065. Cast Iron has been asked to extend credit to a new customer. You can find little information on the firm, and you believe that the probability of payment is no better than 0.77. But if the payment is made, the probability that the customer will pay for the second order is 0.94. It costs $15.25 to determine whether a customer has been a prompt or slow payer in the past. Calculate the minimum probability at which credit can be extended. (round answer 2 decimal places)

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 14:30
Ou have a 20-ounce bottle of juice. you pour out 14 of the bottle to share with a friend. if you pour out 3 ounces for yourself, what fraction of the 20 ounces will be left in the bottle? clear check 35 25 12 1320
Answers: 2
question
Mathematics, 21.06.2019 19:00
Atriangle has a side lengths of 18cm, 80 cm and 81cm. classify it as acute obtuse or right?
Answers: 2
question
Mathematics, 21.06.2019 19:40
Which is greater, 7 p 5 or 7 c 5? 7p5 7c5
Answers: 1
question
Mathematics, 21.06.2019 23:30
Ateacher wanted to buy a chair, a bookshelf, two tables and a desk. she spent $900 for all five items and the chair and the desk combined 70% of her total. if the bookshelf cost $50, how much did each of the tables cost?
Answers: 1
You know the right answer?
Cast Iron Company, on each nondelinquent sale, receives revenues with a present value of $1,230 and...
Questions
question
Mathematics, 14.04.2020 17:20