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Business, 19.01.2021 01:30 loveket143

A company estimates that 0.7% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $150. If they offer a 2 year extended warranty for $12, what is the company's expected value of each warranty sold

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A company estimates that 0.7% of their products will fail after the original warranty period but wit...
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