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:

Cross-Functional Teams

Groups composed of members from different areas of expertise working together towards a common goal.

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A recognized technology analyst, entrepreneur, and speaker known for his insights on digital strategies.

Centralized

Organized such that control or decision-making is concentrated at a single point or within a single organization.

Strategies

Plans of action designed to achieve long-term or overall aims and objectives.