Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
rafiki121 rafiki121
wrote...
Go to Answer
Posts: 153
Rep: 0 0
A year ago
Bret purchased a new smartphone for $1,100 and is considering the two-year accident protection for $180. Based on an industry blog, accidental damage with these laptops have an 80% chance of needing a glass replacement ($150) and 20% chance of internal damage, which would be a complete loss based on the value of a new replacement. Based on his community of friends, only 1 out of 15 had an accident with their phones within two years of purchase. Should he purchase the two-year protection?

▸ Yes, the expected loss is $340.

▸ Yes, the expected loss is $220.

▸ No, the expected loss is $27.

▸ No, the expected loss is $176.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
Author:
Read 62 times
1 Reply
Replies
Answer verified by a subject expert
bluepeachez36bluepeachez36
wrote...
#1
Posts: 139
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

rafiki121 Author
wrote...

A year ago
this is exactly what I needed
Transonic
wrote...

Yesterday
This helped my grade so much Perfect
Jose^2
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  595 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 3448
  
 202
  
 2439