d. The display has a rather unique guarantee in the sense that any purchaser of an Extime

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d. The display has a rather unique guarantee in the sense that any purchaser of an Extime watch, whether the watch is new or used, has a warranty Problems on the display for two years from the date of purchase, during which time if the display fails, it will be replaced free of charge. Assuming that the number of hours the watch operates in a given period of time is essentially the same for all buyers of the Extime watch, is it more likely that a buyer of a used watch will be obtaining a free display replacement than a buyer of a new watch, given an equal period of watch ownership? Explain.

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