Mathematics, 06.11.2019 21:31 Cassandra100

Acompany estimates that 0.7% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $400. if they offer a 2 year extended warranty for $23, what is the company's expected value of each warranty sold?

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Acompany estimates that 0.7% of their products will fail after the original warranty period but with...