Get detailed and reliable answers to your questions on IDNLearn.com. Get accurate and timely answers to your queries from our extensive network of experienced professionals.
A company estimates that 0.4% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $100.
If they offer a 2 year extended warranty for $5, what is the company's expected value of each warranty sold?
Sagot :
Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. IDNLearn.com has the answers you need. Thank you for visiting, and we look forward to helping you again soon.
