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A company sells LED bulbs in packages of 20 for $25. From past records, it knows that a bulb will be defective with probability 0.01.
A company sells LED bulbs in packages of 20 for $25. From past records, it knows that a bulb will be defective with probability 0.01. The company agrees to pay a full refund if a customer finds more than 1 defective bulb in a pack. If the company sells 100 packs, how much should it expect to refund? NOTE: DON'T COPY FROM OTHER SOURCES PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPARTELY
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