A company offers a 2 year warranty to consumers on a product for $60. Replacing the product to a consumer who purchases the warranty costs the company $360 the quality control division estimates that 0.61% of their products will fail within the first 2 years. What is the company's expected value for each warranty sold?

use formula for the circle a=3.14

step-by-step explanation:

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step-by-step explanation:

answer:   35 % is the probability of a late departure or an early arrival.

step-by-step explanation:

let l represents the late departure and e represents the early departure.

then, according to the question,

p(l) = 12 %,   p(e) = 27 % and = 4 %

and, we have to find out,

but, we know that,

which is the required equation that will use to find the probability of a late departure or an early departure.

therefore,   the probability of a late departure or an early arrival =   35 %