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Mathematics, 30.04.2021 15:10 titofigueroa777

Suppose the warranty period on your family's new computer is about to expire and you are debating about whether to
buy a one-year maintenance contract for $130. If you buy
the contract, all repairs for one year are free. Consumer
information shows that 23% of the computers like yours
require an annual repair that costs $320 on the average.
What is the expected value of buying the maintenance
contract?

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Answers: 3

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