Multiple Choice
You offer an extended warranty for your product that is purchased by a few customers.If the product typically fails 2% of the time,
A) you should price the warranty at less than 2% of the product price
B) you should price the warranty at exactly 2% of the product price
C) you should price the warranty at more than 2% of the product price
D) Cannot tell from this information
Correct Answer:
Verified
Correct Answer:
Verified
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