From previous records a shipping company knows that the cost to deliver a small package within 24 hours is $15.50. The company charges $17.95 for shipping but guarantees to refund the full charge if the delivery is not made within 24 hours. If the company fails to deliver within the 24-hour window only 3% of the time, what is their expected gain per package?
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “From previous records a shipping company knows that the cost to deliver a small package within 24 hours is $15.50. The company charges ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » From previous records a shipping company knows that the cost to deliver a small package within 24 hours is $15.50. The company charges $17.95 for shipping but guarantees to refund the full charge if the delivery is not made within 24 hours.