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The motors sell for 100 each but a double-your-money-back

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Reference no: EM13580104

Ten motors are packaged for sale in a certain warehouse. The motors sell for $100 each, but a double-your-money-back guarantee is in effect for any defectives the purchaser may receive. Find the expected net gain for the seller if the probability of any one motor being defective is .08.

Reference no: EM13580104

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