Mathematics, 10.06.2020 19:57, jasminelynn135owmyj1

As a birthday gift, you are mailing a new personal digital assistant (PDA) to your cousin in Toledo. The PDA cost $414. There is a 3 percent chance it will be lost or damaged in the mail. Is it worth $4 to insure the mailing?Explain, using the concept of expected value.

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As a birthday gift, you are mailing a new personal digital assistant (PDA) to your cousin in Toledo....