Joseph just bought a brand new cell phone and a warranty for the cell phone. The warranty cost 300 euros and is worth 800 euros if his phone breaks. Joseph estimates that there is a 20% chance of his phone breaking.
Joseph calculates the expected value of buying the warranty to be -140 euros.
TAT
Which of the following statements are true?
Choose all answers that apply:
Joseph will certainly lose value from the warranty.
Joseph will certainly gain value from the warranty.
If Joseph was going to buy a large number of phones, and he bought the warranty on each phone,
he should expect to lose value from the warranties.

alot

step-by-step explanation:

its a wood chuck that can chuck wood

g

step-by-step explanation:

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for