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:

Hoekstra's Hypothesis

A scientific conjecture attributed to researcher Hoekstra, potentially relating to genetics or evolutionary biology.

Coat Color

The coloration of an animal's fur or skin, determined by genetics and serving various purposes such as camouflage or signaling.

Predation Rate

The frequency or rate at which a predator species successfully captures and consumes its prey within a given time frame.

Camouflage

A survival strategy where an organism has the ability to blend into its environment to hide from predators or to stalk prey.