Abe Hassan (![[info]](http://p-stat.livejournal.com/img/userinfo.gif){kind=small} burr86) wrote,@ 2008-01-25 01:07:00 |
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warranties
So we had to buy a new dryer the other day, since the one we have has given up the ghost. The dryer comes with a one-year warranty. My mom joked that she'd love to have a one-year warranty, as long as she can pick the start date. I know I (and several people) always joke that things break the day after the warranty is up, so this made for an interesting question.
If you could pick any one-year period to be covered by a warranty, how would you decide which one-year period to pick? Assume you don't actually have data on "this computer tends to have a lifetime of 2 years, etc", just the same information available to you currently. For added excitement, assume you're buying a vital appliance of some sort, so you can't just say "I'll wait six months to repair my dryer" or whatever.
So we had to buy a new dryer the other day, since the one we have has given up the ghost. The dryer comes with a one-year warranty. My mom joked that she'd love to have a one-year warranty, as long as she can pick the start date. I know I (and several people) always joke that things break the day after the warranty is up, so this made for an interesting question.
If you could pick any one-year period to be covered by a warranty, how would you decide which one-year period to pick? Assume you don't actually have data on "this computer tends to have a lifetime of 2 years, etc", just the same information available to you currently. For added excitement, assume you're buying a vital appliance of some sort, so you can't just say "I'll wait six months to repair my dryer" or whatever.
