Mathematics, 15.10.2021 01:00 dannnaa
A company estimates that 0.9% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $200. If they offer a 2 year extended warranty for $30, what is the company's expected value of each warranty sold? Round to the nearest penny.
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A company estimates that 0.9% of their products will fail after the original warranty period but wit...
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