“A majority of the Chromebooks with come with an 11” screen"
So, does this mean mine would come with a smaller screen or larger screen?
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Could, not would.
I’m guessing that, at this price, they have all reached their end of support dates and are no longer being updated … ?
Correct for the majority.
“Majority will be EOL” and not receive OS updates.
EOL is end of life 
How many weeks would this be a useful piece of technology to own?