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Mathematics, 13.04.2021 22:50 sakinahunt
A company estimates that 0.9% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $250. If they offer a 2 year extended warranty for $17, what is the company's expected value of each warranty sold?
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A company estimates that 0.9% of their products will fail after the original warranty period but wit...
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