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Following an exponentlal distribution, the average lifespan of a smartphone battery is 2 . 3 years. The battery manufacturer wants to offer a warranty for

Following an exponentlal distribution, the average lifespan of a smartphone battery is 2.3 years. The battery manufacturer wants to
offer a warranty for its customers to recelve a free replacement if the battery falls during the first year. Each battery generates a profit
of $10.85, and the replacement cost is $6.35. Use Excel's Analysis ToolPak, with a seed of 1, to develop a Monte Carlo simulation for
the lifespan of 100 batterles.
a. What is the expected total cost of this warranty program?
Note: Round Intermedlate calculations to at least 4 decimal places and your final answer to 2 decimal places.
The expected total cost of the warranty program for every 100 batteries sold
b. In order to cover the cost of the warranty program, how many additional battery units does the company need to sell?
Note: Round Intermedlate calculations to at least 4 decimal places and your final answer to 2 decimal places.
Additional batteries the company needs to sell for every 100 batteries currently sold
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