You buy a laptop and paid $850. The probability of it breaking in the warranty period is 4% and the warranty cost's $45. Is it worth purchasing the warranty

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CR: Chapter Review
Problem 76E
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You buy a laptop and paid $850. The probability of it breaking in the warranty period is 4% and the warranty cost's $45. Is it worth purchasing the warranty

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