An Lg Dishwasher Which Costs 900 Has A 22 Chance Of Needing To Be Replaced In The First 2 Years Of Purchase A Two Y 1 (62.44 KiB) Viewed 23 times
An Lg Dishwasher Which Costs 900 Has A 22 Chance Of Needing To Be Replaced In The First 2 Years Of Purchase A Two Y 2 (62.44 KiB) Viewed 23 times
An LG Dishwasher, which costs $900, has a 22% chance of needing to be replaced in the first 2 years of purchase. A two-year extended warrantee costs $112.10 on a dishwasher. Assume the dishwasher is replaced in the first 2 years. a) Write out the probability distribution for the value of the extended warranty. Make sure you enter your X values from smallest to largest. х P(X) b) What is the expected value of the extended warranty? Round final answer to 2 decimal places and write the units in the second box. c) Which of the following is the correct interpretation of the expected value of the warranty? Select an answer
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