Mathematics, 15.04.2020 21:29, kaylaamberd

A company estimates that 0.1% 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 0.1% of their products will fail after the original warranty period but wit...