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Essay specific features
Written by:
Debra L
Date added:
November 14, 2015
Level:
Grade:
A
No of pages / words:
2 / 386
Was viewed:
3480 times
Rating of current essay:
Essay content:
However, the student, in this case, should calculate the risks which are waiting for him. There is 50% chance that the stereo will not break down. In this case: $50* (.50) = 25 and $25- $50= -$25.
There is 25% chance that the inexpensive stereo breaks down in the 1 year. Therefore, he has to send the stereo to the company to repair or change it...
displayed 300 characters
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Therefore, he has to send the stereo to the company to repair or change it. This will cost him 20 more dollars:
$50 * .25= $12.5; and $12.5 + $20 = $32.5; therefore, $32.5 - $50= -$17.5 (in the book, it is taken as -17.05, probably because of the discount rate).
There is 25% chance that the inexpensive stereo breaks down at two years...
displayed 300 characters
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