A Small Business Just Leased a New Computer and Color

question 14

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.
-How many times should the company expect to have to get this computer repaired over
the three-year term of the lease?

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Definitions:

Narrative Therapies

An approach in psychotherapy that centers on individuals narrating their experiences, aiming to help them reframe their stories in a more positive light.

Length

The measurement or extent of something from end to end; often a physical dimension but can also refer to time or duration in different contexts.

Narrative Therapy

A form of psychotherapy that centers on the patient's narrative or personal story to help identify their values and the skills associated with them.

Meta-analyses

Statistical techniques used to combine results from multiple studies to identify patterns, effects, and strengths of relationships in a body of research.