A Fast Food Restaurant Just Leased a New Freezer and Food

question 4

Essay

A fast food restaurant just leased a new freezer and food fryer for three years. The service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35 service charge for each repair needed. The restaurant’s research suggested that during a given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5% twice, 4% three times, and none required more than three repairs.
-Find the standard deviation of the number of repairs each year.

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Definitions:

Principal's Duty

The obligations and responsibilities a principal owes to an agent in an agency relationship, including compensation, reimbursement, and indemnification for acts performed within the scope of the agency.

Agent Performance

The assessment of an agent's actions in fulfilling their duties on behalf of a client or principal.

Implied Right

A right that is not explicitly stated but is considered to exist due to its necessity or because it is not forbidden.

Preponderance of the Evidence

A standard of proof in civil cases, requiring that the evidence shows that something is more likely to be true than not.