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Business, 06.12.2019 06:31 levicorey846

Acompany makes electronic gadgets. one out of every 50 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. suppose the company makes a $3 profit on the sale of any working gadget, but suffers a loss of $80 for every faulty gadget because they have to repair the unit. find the expected profit for the company, then estimate their total profit if they sell 150,000 gadgets.

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