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# Find the expected value of buying the extended warranty. The expected value of buying the extended warranty is . A new flat - screen TV

Find the expected value of buying the extended warranty.

The expected value of buying the extended warranty is$.$A new flat$-$screen TV comes with a$1-$year warranty wh ich completely covers any parts and repairs. At the end of the warranty period, the buyer is offered an extended warranty for$3$more years at a cost of $$90.$Industry records indicate that during that$3-$year period, there\'s a$6\%$chance that a minor repair averaging $$105$will be needed, and a$2\%$chance that a major repair averaging $$270$ will be needed.

Find the expected value of buying the extended warranty.

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