Mathematics, 31.01.2021 14:00 keisha7795
A company estimates that 0.6% of their products will fail after the original warranty period but within two years of the purchase, with a replacement cost of $350. If they offer a 2 year extended warranty for $34, 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 wit...
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