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Business Analytics, Quiz 2
The probability that a car battery functions for more than 10,000Kms is 0.8, the probability that it functions for more than 20,000kms is 0.4 and the probability that it functions for more than 30,000kms is 0.1. If a new car battery is still working after 10,000Kms, what is the probability that its total life will exceed 20,000Kms? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “0.235”, then enter it as “0.24”)
The probability that a car battery functions for more than 10,000Kms is 0.8, the probability that it functions for more than 20,000kms is 0.4 and the probability that it functions for more than 30,000kms is 0.1. If a new car battery is still working after 10,000Kms, what is the probability that its total life will exceed 20,000Kms? (*Note: Enter the answer rounded to two decimal places. For* *example, if the answer is “0.235”, then enter it as “0.24”*) The demand-response curve for a product is expected to be non-linear curve. It is noted that the demand was 1000 units at a price of Rs.80 and 2500 units at a price of Rs. 40. Then, at a price of Rs. 60, what is the expected demand? (*Note: Enter the answer rounded to two decimal places. For* *example, if the answer is “10.235”, then enter it as “10.24”*) Latent demand in a demand-response curve is the area obtained when?