A Small Business Just Leased a New Computer and Color

question 45

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.
-Find the expected number of repairs this kind of computer is expected to need each year.
Show your work.

---

Definitions:

Competitors

Entities or individuals involved in the same industry or market, vying for the same customer base or resources.

Meteoric Rise

A rapid and often sudden increase in success, popularity, or visibility.

Public Imagination

The collective thoughts, ideas, and fantasies of the public about current or future possibilities.

Inc. 500

An annual ranking of the 500 fastest-growing private companies in the United States, published by Inc. magazine.