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:

Varieties of Corn

Different genetic strains of corn, each with its own set of traits like color, taste, and growth habits.

Soil Conditions

The physical, chemical, and biological characteristics that influence the capacity of soil to support plant growth and other uses.

Varieties of Corn

Different strains or types of corn, often developed through breeding to display specific characteristics.

Soil Conditions

Refers to the physical, chemical, and biological status of the ground used for agricultural or construction purposes.