Mathematics, 20.05.2021 09:00 red21120p718de

Please help me pass my math final :( A company offers a 2 year warranty to consumers on a product for $60. Replacing the product to a consumer who purchases the warranty costs the company $480 The quality control division estimates that 0.81% of their products will fail within the first 2 years.

What is the company's expected value for each warranty sold?

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