Mathematics, 07.04.2020 04:19 am561740
A company estimates that 0.6 of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $50. If they offer a 2 year extended warranty for $5, what is the company’s expected value of each warranty sold?
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A company estimates that 0.6 of their products will fail after the original warranty period but with...
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