A Small Business Just Leased a New Presentation Equipment and a Color

question 3

Multiple Choice

A small business just leased a new presentation equipment and a 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.
Find the expected number of repairs for this kind of computer per year.

• A)0.20 repairs.
• B)0.55 repairs.
• C)0.89 repairs.
• D)1.00 repairs.
• E)1.20 repairs.

---

Definitions:

Self-concept

An individual's perception of self, including knowledge about the self, such as beliefs regarding personality traits, physical characteristics, abilities, values, goals, and roles.

Secondary Data

Information that was collected for a purpose other than the current research interest, often used in analysis or study.

Market Segmentation

The process of dividing a broad consumer or business market into sub-groups of consumers based on some type of shared characteristics.

Standardization

Standardization is the process of implementing and developing technical standards based on the consensus of different parties to ensure safety, quality, and interoperability.