a company estimates that 0.1% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $450. if they offer a 2-year extended warranty for $36, what is the company's expected value of each warranty sold? round your answer to the nearest cent.

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05-10-2022
Business

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a company estimates that 0.1% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $450. if they offer a 2-year extended warranty for $36, what is the company's expected value of each warranty sold? round your answer to the nearest cent.

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