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OpenStudy (anonymous):
If the extended warranty on a car costs $200 and average repair bill is $1000, then what is the probability of a breakdown if the company offering the warranty expects to break even?
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OpenStudy (anonymous):
200 - 1000p = 0 Solve for p Looks like p = 0.2 or 1/5
OpenStudy (anonymous):
Sorry, I keep throwing these questions at you Garrett but im taking an online course that I do not comprehend at all. You're helping lots! Thank you!!
OpenStudy (anonymous):
@BangkokGarrett
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