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Mathematics, 11.06.2020 22:57 SKYBLUE1015
A company estimates that 0.8% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $400. If they offer a 2 year extended warranty for $27, what is the company's expected value of each warranty sold?
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A company estimates that 0.8% of their products will fail after the original warranty period but wit...
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