A Small Business Just Leased a New Computer and Color

question 48

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.
-What are the mean and standard deviation of the company's annual expense for the service contract?

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Definitions:

Sticky Keys

An accessibility feature designed to help users who have difficulty pressing multiple keys at once, allowing modifier keys (like Shift, Ctrl) to remain active until another key is pressed.

Keyboard Shortcuts

Combinations of keys on a keyboard designed to perform specific tasks quickly in software applications.

Shortcut

A link that allows quick access to a file or application from a different location than where the original is stored.

Original File

The initial version of a file before any edits, modifications, or processing have been applied, often used as a backup for reference or to restore the file's original state.