Question: Expected Value (continued) - John just bought a brand new cell phone and is considering buying a warranty. The warranty costs 200 euros and is

Expected Value (continued) - 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

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