Mathematics, 20.05.2021 23:20 ekerns2000paa19x

A company offers a 2 year warranty to consumers on a product for $60. Replacing the product to a consumer who purchases the warranty costs the company $360 the quality control division estimates that 0.61% of their products will fail within the first 2 years. What is the company's expected value for each warranty sold?

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A company offers a 2 year warranty to consumers on a product for $60. Replacing the product to a con...

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