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Business, 13.11.2019 00:31 sdlesley66

From previous records a shipping company knows that the cost to deliver a small package within 24 hours is $15.50. the company charges $17.95 for shipping but guarantees to refund the full charge if the delivery is not made within 24 hours. if the company fails to deliver within the 24-hour window only 3% of the time, what is their expected gain per package?

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