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Author Question: A cell phone company offers a simple extended warranty plan. If your phone is damaged, they will ... (Read 145 times)

kshipps

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A cell phone company offers a simple extended warranty plan. If your phone is damaged, they will repair it for up to $50. If you lose or destroy your phone, they will give you a $200 voucher towards a new phone. The company believes that 5% of customers will need the replacement voucher and 10% will request a repair.

Is the $25 warranty a wise purchase for you? Given that you will probably buy dozens of devices over the next decade, are these types of warranties a wise purchase for you?


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Marked as best answer by kshipps on Aug 31, 2019

canderson530

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