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Habard’s a chain of hardware stores sells a variety of tools and home repair items One of their best wrenches sells for $5.50 Habard’s will include a three-year free replacement warranty for an

Habard’s, a chain of hardware stores, sells a variety of tools and home repair items. One of their best wrenches sells for $5.50. Habard’s will include a three-year free replacement warranty for an additional $1.50. The wrench is expected to be subject to heavy use and, based on past experience, will fail randomly at a rate of one every eight years. Is it worth purchasing the warranty?

Jul 27 2020 View more View Less

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