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A dish washer costing 800$ has a 20% chance of needing to be replaced in the first 2 years of purchase. with a two year
A dish washer costing 800$ has a 20% chance of needing to be replaced in the first 2 years of purchase. with a two year warranty cost 112.10 on the dishwasher. What is the expected value of the extended warranty assuming it needs to be replaced in the 2 years.
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