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 $350. If they offer a 2 year extended warranty for $48, what is the company's expected value of each warranty sold?

$44.90

Step-by-step explanation:

The resulting value for the company of replacing a failed product is given by the price of the warranty minus the cost of replacement:

F = $47-$300=-$253

This event has a 0.7% chance of happening.

The resulting value for selling extended warranty to a product that does not fail is given by the price of the warranty:

W = $47

This event has a 99.3% chance of happening.

The expected value is:

EV = $44 * 0.993 + ($47-$300) *0.007

EV = $44.90

The expected value for each warranty sold is $44.90.

need more info

step-by-step explanation:

there has been genes found in the x chromosome of males that have been linked to [homo/hetero]sexuality. in addition to the reign of the x chromosome, a section of chromosome 8 has also been link to, "alot of ppl are so " these facts were proven true after a 2014 study of a gay male and his strait brother. according to newscientist.com,"chromosome 14 and is mainly active in the thyroid, but also the brain. called tshr, it makes a type of receptor protein that recognises and binds to a hormone that stimulates the thyroid. in this way, the gene plays an important role in controlling thyroid function. the fact that tshr seems to be involved in sexual orientation fits with evidence that thyroid function seems to be linked to sexuality."

in conclusion, "ppl are so gay" due to their genetics.