Tymber F.

asked • 11/18/19

Probability help

A company estimates that 0.9% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $300.

If they offer a 2 year extended warranty for $45, what is the company's expected value of each warranty sold?

1 Expert Answer


Michael T. answered • 11/19/19

Outstanding former math student passionate to share knowledge

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