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A maker of folding tables estimates that 1 in 40 tables is returned due to a manufacturer's defect. For each table not returned, the manufacturer
A maker of folding tables estimates that 1 in 40 tables is returned due to a manufacturer's defect. For each table not returned, the manufacturer makes a profit of $4.50, but for each table returned, it loses $48. What is the manufacturer's long-term average profit on this product?
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