Question: 15 Final Exam (without 5.1, 5.3, 5.5) 2hrs2mins X Progress saved Submit 24 points possible 11/24 answered Question 15 A company estimates that 8% of
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Final Exam (without 5.1, 5.3, 5.5) 2hrs2mins X Progress saved Submit 24 points possible 11/24 answered Question 15 A company estimates that 8% 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 want to offer a 2 year extended warranty, what price should they charge so that they'll break even (in other words, so the expected value will be 0) > Next
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