Tag: Manufacturer warranties

Analyze whether the manufacturer would be liable for negligence if the product had not been recalled and had caused harm to a consumer.Describe the product subject to recall, including the recall date, recall number, and the reason for the recall.

Negligent Tort

Visit the United States Consumer Product Safety Commission (Links to an external site.) website. Click on “Recalls.” Choose one product that has been recalled.

Describe the product subject to recall, including the recall date, recall number, and the reason for the recall.

Analyze whether the manufacturer would be liable for negligence if the product had not been recalled and had caused harm to a consumer.

Discusses the following in relation to the product recall:

Duty of Care

Standard of Care

Breach of the Duty of Care

Actual Causation

Proximate Causation

Actual Injury

Defenses to Negligence

Analyze and apply a relevant consumer protection statute identified under “Consumer Protection” in Chapter 8 of your text in conjunction with the product recall that you have identified. Must address the topic with critical thought.

4 pages,three US scholarly sources in addition to the textbook Seaquist, G. (2012). Business law for managers. Zovio.

What is the probability that the manufacturer turns a profit on selling a set to one customer?If the manufacturer sells 500 sets of tires, what is the probability that it earns a profit after paying for any replacements? Assume that the purchases are made around the country and that the drivers experience independent amounts of wear.

Math/Physic/Economic/Statistic Problems

Question 3. A tire manufacturer warranties its tires to last at least 20,000 miles or “you get a new set of tires.” In its experience, a set of these tires lasts on average 26,000 miles with a standard deviation of 5,000 miles.

Assume that the wear is normally distributed. The manufacturer profits $200 on each set sold, and replacing a set costs the manufacturer $400.

What is the probability that a set of tires wears out before 20,000 miles?

What is the probability that the manufacturer turns a profit on selling a set to one customer?

If the manufacturer sells 500 sets of tires, what is the probability that it earns a profit after paying for any replacements? Assume that the purchases are made around the country and that the drivers experience independent amounts of wear.

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