Mathematics, 19.04.2021 02:50, iwannabewinston

A company offers a 2 year warranty to consumers on a product for $40. Replacing the product to a consumer who purchases the warranty costs the company $240. The quality control division estimates that 0.51% 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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A company offers a 2 year warranty to consumers on a product for $40. Replacing the product to a con...