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A company makes sunglasses. Three out of every ten sunglasses are faulty and returned for repair. Suppose the company makes $100 on every good pair
A company makes sunglasses. Three out of every ten sunglasses are faulty and returned for repair. Suppose the company makes $100 on every good pair of sunglasses but they lose $25 for every faulty one because it has to be fixed. What is the company's expected profit or loss per sunglasses in the long term?
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