Gina buys a calculator at Best Buy for $160. There is a 10% chance the calculator will suffer damages that cannot be repaired. This is an expected loss of $16. Francis, the salesman at Best Buy,...

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Extracted text: Gina buys a calculator at Best Buy for $160. There is a 10% chance the calculator will suffer damages that cannot be repaired. This is an expected loss of $16. Francis, the salesman at Best Buy, offers to sell Gina a warranty to protect her from these expected losses. Gina is risk averse. How much can Francis get Gina to pay for this warranty? O A. more than $176 O B. more than $144 C. less than $16 D. more than $160 O E. more than $16