SOLUTION: A store offers extended warranty on refrigerators for $75. If the average repair cost $400 and 2% of the people who buy the warranty have refrigerators that require repair, what is
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-> SOLUTION: A store offers extended warranty on refrigerators for $75. If the average repair cost $400 and 2% of the people who buy the warranty have refrigerators that require repair, what is
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Question 866342: A store offers extended warranty on refrigerators for $75. If the average repair cost $400 and 2% of the people who buy the warranty have refrigerators that require repair, what is the store's expected profit per extended warranty? Answer by ewatrrr(24785) (Show Source):
