SOLUTION: On average, the probability that a computer breaks down in its second year of use is 0.05, and the average repair cost is $300 per computer per year. If a salesperson sells a secon
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-> SOLUTION: On average, the probability that a computer breaks down in its second year of use is 0.05, and the average repair cost is $300 per computer per year. If a salesperson sells a secon
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Question 380334: On average, the probability that a computer breaks down in its second year of use is 0.05, and the average repair cost is $300 per computer per year. If a salesperson sells a second year extended warranty policy for $50, how much money is the policy issuer making per computer? Answer by edjones(8007) (Show Source):
