Mathematics, 12.02.2021 09:20 angelicar4144
A company estimates that 0.2% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $100. If they offer a 2 year extended warranty for $10, what is the company's expected value of each warranty sold?
Answers: 2
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A company estimates that 0.2% of their products will fail after the original warranty period but wit...
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