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Suppose you are planning to buy a computer. The computer comes with...
Mathematics, 07.12.2021 03:40 palomaresmitchelle
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Suppose you are planning to buy a computer. The computer comes with a
one-year warranty, but you can purchase a warranty for an additional year of
$24.95. Your research indicates that in the second year, there is a 1 in 20
chance of incurring a major repair that costs $180 and a probability of 0.15 of
a minor repair that costs $65.
Question 20 (4 points)
Create a probability distribution to model the outcomes of not choosing to
purchase the warranty.
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