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10 November, 01:49

An LG Dishwasher, which costs / $800, has a 20% chance of needing to be replaced in the first 2 years of purchase. A two-year extended warrantee costs / $112.10 on a dishwasher. What is the expected value of the extended warranty assuming it is replaced in the first 2 years?

I don't even know how to start with this or how to find the probability distribution as my book tells me to do.

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  1. 10 November, 01:57
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    start with the 800
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