Question: 3 . ( 1 0 points ) A factory is known for producing 4 0 % defective products. As such, the manager is offering a

3.(10 points) A factory is known for producing 40% defective products. As such, the manager is offering a buy one get one free deal to their customers. The product is sold at $10 per unit and costs $5 to make and ship. Assume that the customer must receive at least one good product. Calculate the following.
(a) P(customer will receive at least one good product on the first shipment)
(b) P(customer will receive the first good product on the fourth shipment)
(c) The expected gain or loss per product sale.

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