Quick guide
How to use this calculator
- Enter values from one real situation and keep currencies, quantities, and periods consistent.
- Use the optional fields only when they apply; the calculator will keep every entered adjustment visible in the result.
- Compare the component outputs and read the calculator-specific boundary before making a purchase or plan.
Calculation method
Calculation method
Expected contract benefit = failure probability × (remaining covered repair amount − deductible paid if a covered claim occurs); net expected value = benefit − contract cost.
Entered fixed decimals use exact rational arithmetic wherever the task involves money, ratios, or allocations. Whole packages, tables, seats, and items round only where the real task requires indivisible units.
Worked example
Worked example
A 120 contract covering a 400 repair with 25% entered covered-failure probability and a 20 deductible has expected benefit 95 and expected net value of −25.
Expected contract benefit = failure probability × (remaining covered repair amount − deductible paid if a covered claim occurs); net expected value = benefit − contract cost.
Supported inputs
Precision and limits
Your scenario
No live price, promotion, retailer policy, tax, cultural norm, household consumption rate, attendance rate, or media speed is supplied automatically.
Plan, not a guarantee
Results organize visitor-entered assumptions. They do not guarantee availability, attendance, product life, savings, suitability, or contractual rights.
Precision and privacy
Inputs stay in this browser. Invalid denominators, contradictory counts, impossible percentages, and unsupported ranges return explicit messages rather than misleading results.
Calculator-specific boundary
This is an entered-probability scenario, not a prediction. Read the actual warranty and service-contract terms for coverage, exclusions, limits, deductibles, claims, cancellation, and overlap.
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