Mathematics, 08.03.2021 02:40, catuchaljean1623
A company estimates that 0.5% 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 $19, what is the company's expected value of each warranty
sold?
Answers: 3
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A company estimates that 0.5% of their products will fail after the original warranty period but wit...
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