Solve applications involving expected values.
-A small business just leased a new computer and color laser printer for three years.
The service contract for the computer offers unlimited repairs for a fee of $100 a year
Plus a $25 service charge for each repair needed. The company's research indicates that
During a given year 86% of these computers need no repairs, 9% need to be repaired
Once, 4% twice, 1% three times, and none required more than three repairs. The standard
Deviation of the company's annual expense with the service contract for the computer is
A) $105.
B) $10.25.
C) $187.42.
D) $13.69.
E) $2.75.
Correct Answer:
Verified
Q3: Find the expected value and standard deviation
Q4: Find the expected value and standard
Q5: Use the appropriate probability model (Geometric).
-A specific
Q6: It is estimated that 20% of luxury
Q7: Find the expected value and standard deviation
Q8: Use the appropriate probability model (Binomial).
-It is
Q9: Suppose that incoming calls per hour to
Q10: Use the appropriate probability model (Uniform).
-Suppose that
Q11: Solve applications involving expected values.
-A fast food
Q22: A local unemployment office keeps track of
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