A company sells LED bulbs in packages of 20 for $25. From past records, it knows...

A company sells LED bulbs in packages of 20 for $25. From past records, it knows that a bulb will be defective with probability 0.01. The company agrees to pay a full refund if a customer finds more than 1 defective bulb in a pack. If the company sells 100 packs, how much should it expect to refund?

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please upvote.

orchestra answered 2 years ago

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