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A company estimates that 0.3% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement
A company estimates that 0.3% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $200. If they offer a 2-year extended warranty for $17. Complete the probability distribution table. Let x be the profit (which could be negative in the case of a loss). List the x values from smallest to largest. Remember to list the as a decimal or fraction, not a percent. This problem is from the company's point of view
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