A Small Business Just Leased a New Computer and Color

question 14

Short Answer

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.
a. Find the expected number of repairs for this kind of computer per year.
b. Find the standard deviation of the number of repairs per year.
c. What are the mean and standard deviation of the company's annual expense with the service contract for the computer?

Understand the characteristics of a synonym definition.

Understand the characteristics of a class definition.

Understand the characteristics of a definition by negation.

Recognize the role of context in the definition of terms and concepts.

---

Definitions:

Personality Traits

Characteristic patterns of thoughts, feelings, and behaviors that make an individual unique.

Interviewer Illusion

The interviewer illusion refers to a bias during hiring processes, where interviewers overestimate their ability to evaluate candidates objectively, often influenced by superficial cues or similarities to themselves.

Personnel Officer

A professional responsible for managing various aspects of human resources, including recruitment, training, and employee relations.

Structured Interviews

A systematic method of interviewing where all candidates are asked the same predetermined questions in the same order.