A cell phone company offers a simple extended warranty plan. If your phone is damaged, they will repair it for up to $50. If you lose or destroy your phone, they will give you a $200 voucher towards a new phone. The company believes that 5% of customers will need the replacement voucher and 10% will request a repair.The company charges $25 for this extended warranty. Isthe $25 warranty a wisepurchaseforyou? Given thatyouwillprobably buy dozens of devices overthenext decade,arethesetypesofwarrantiesawisepurchase foryou?