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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 …

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 …
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3 votes
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?

asked
User Werediver
by
8.4k points

1 Answer

5 votes

Answer:

The answer is 5%

Explanation:

answered
User Fsimkovic
by
7.5k points
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