Ambermarie161
Ambermarie161 Ambermarie161
  • 14-12-2022
  • Mathematics
contestada

A company estimates that 0.4% 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 $22, what is the company's expected value of
each warranty sold?

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