A Small Business Just Leased a New Computer and Color

question 48

Essay

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 suggested that during a given year 86% of these computers needed no repairs, 9% needed to be repaired once, 4% twice,
1% three times, and none required more than three repairs.
-What are the mean and standard deviation of the company's annual expense for the service contract?

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Definitions:

Manipulative Behavior

Actions designed to influence or control others in subtle or deceitful ways.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, and relationships, often stemming from a fear of abandonment.

Administer Medication

The process of giving medication to a patient in accordance with a prescription.