Question 1 Explain: According to EVR you ought not to buy an extended warranty The normative principle of EVR states tha

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Question 1 Explain According To Evr You Ought Not To Buy An Extended Warranty The Normative Principle Of Evr States Tha 1 (133.14 KiB) Viewed 13 times

Question 1 Explain: According to EVR you ought not to buy an extended warranty The normative principle of EVR states that you ought not to Blank 1 an action if the real costs of an action are Blank 2 than its expectation value. The price of an extended warranty has been set by the company to be greater than their expected Blank 3 for selling the warranty (that expected loss would be the cost of replacing the item times the Blank 4 that a purchaser like you will use the warranty), but their price is the real cost to you and their expected loss is your expectation value. This means that real cost to you of the extended warranty (which is the Blank 5 price) is greater than the expectation value to you of buying the warranty and therefore, according to EVR, you ought not to buy an extended warranty. Words: according, action, avoid, buying, choose, company, cost, expectation, expected, extended, greater, item, less, loss, normative, ought, outweigh, price, principle, probability, purchaser, real, replacing, selling, states, times, value, warranty, your Blank 1 Blank 2 Blank 3 Blank 4 Blank 5 Add your answer Add your answer Add your answer Add your answer Add your answer Question 2 Funtain FVD 1.25 Points Questions Filter (4) 1.25 Points