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  3. a company estimates that 0.8% of their products wi

A company estimates that 0.8% of their products will fail after the original warranty period...

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Basic Math

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A company estimates that 0.8% of their products will fail after the original warranty period but within 2years of the purchase, with a replacement cost of $500.If they offer a 2 year extended warranty for $49, what is the company's expected value of each warrantysold?S

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