Business, 14.04.2020 17:32 trinityanne1738

A company makes electronic gadgets. One out of every 50 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $3 profit on the sale of any working gadget, but suffers a loss of $80 for every faulty gadget because they have to repair the unit. Check whether the company can expect a profit in the long term.

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A company makes electronic gadgets. One out of every 50 gadgets is faulty, but the company doesn't k...

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