Mathematics, 09.07.2019 04:00, adamlane023

Acompany estimates that 0.6% of their products will fail after the original warrant period but within 2 years of the purchase, with a replacement cost of $300. if they offered a 2 year extended warranty for $29, what is the conpanys expected value of each warranty sold?

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Acompany estimates that 0.6% of their products will fail after the original warrant period but withi...