A company that manufactures laptops estimates that 0.8% of their laptops will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $650. If they offer a 2 year extended warranty for $220, what is the company's expected value of each warranty sold? Hint: Fill in the table below: Outcome X (Warranty Value for P(X) Company) Laptop Fails $220 - $650 = 0.008 Laptop doesn't fail $220 Question Help: @ Video Submit