A Small Business Just Leased a New Presentation Equipment and a Color

question 11

Multiple Choice

A small business just leased a new presentation equipment and a 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
Indicates that during a given year 86% of these computers need no repairs, 9% need to be
Repaired once, 4% twice, 1% three times, and none required more than three repairs.
Find the expected number of repairs for this kind of computer per year.

• A) 0.20 repairs.
• B) 0.55 repairs.
• C) 0.89 repairs.
• D) 1.00 repairs.
• E) 1.20 repairs.

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Definitions:

Semantic Memory

A type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the use and understanding of language.

Language

A complex system of communication that employs symbols, sounds, and rules to convey information and express thoughts and emotions.

Chunking

A method of organizing or combining small pieces of information into larger, more manageable units to enhance memory and learning.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to simply repeating the word to oneself.