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Answer to Question #47642 in Statistics and Probability for Prinye

Question #47642
A company estimates that 0.2% of their products will fail after the original warranty period but within 2 years the purchase with a replacement cost of $350
IF they offer a 2 year extended warranty for $53 what is the company's expected value of each warranty sold?
1
Expert's answer
2014-10-09T11:59:13-0400
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