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John just bought a brand new cell phone and is considering buying a warra...
Mathematics, 05.05.2021 22:20 portedon8644
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Q ZOOM
John just bought a brand new cell phone and is considering buying a warranty. The warranty costs 200
euros and is worth 1000 euros if his phone breaks. John estimates that there is a 10% chance of his phone
breaking
Find the expected value of buying the warranty.
euros
Answers: 2
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