subject
Mathematics, 14.02.2020 05:56 jose477

A consumer is trying to decide between two long-distance callingplans. The first one charges a flat rate of $0.10 per minute, whereas the second charges a flat rate of $0.99 for calls up to 20minutes in duration and then $0.10 for each additional minuteexceeding 20 (assume that calls lasting a noninteger number ofminutes are charged proportionately to a whole-minute'scharge). Suppose the consumer's distribution of call durationis exponential with parameter λ.

Which plan is better if expected call duration is 10 minutes? 15minutes? [Hint: Let h1(x) denote the cost for the firstplan when call duration is x minutes and let h2(x) bethe cost function for the second plan. Give expressions forthese two cost functions, and then determine the expected cost foreach plan.]

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
25 ! the line of best fit is h = 5a + 86. predict the height at age 16.
Answers: 2
question
Mathematics, 21.06.2019 19:00
The width of a rectangle is 20 units. can the perimeter p of the rectangle be 64 units when its length x is 11 units? no, because p = 2x + 2(20) no, because p ≠ 2x + 2(20) yes, because p ≠ 2x + 2(20) yes, because p = 2x + 2(20)
Answers: 1
question
Mathematics, 21.06.2019 19:10
What is the value of x when x + 7 = 21?
Answers: 2
question
Mathematics, 21.06.2019 21:00
Write the equation in logarithmic form m^x=n
Answers: 1
You know the right answer?
A consumer is trying to decide between two long-distance callingplans. The first one charges a flat...
Questions
Questions on the website: 13722367