A small business just leased a new computer and color laser, Ask an Expert

Statistics

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 indicates 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 is the standard deviation of the company's annual expense with the service contract for the computer?

A. $2.75

B. $13.69

C. $10.25

D. $105.00

E. $187.42

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91014174

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

What is marketing discipline what is most peoples

What is marketing discipline? What is most people's perception of marketing discipline? Name an organization that has done a great job marketing. What did they do to make you feel this way?

If all the data values in a population are converted to

If all the data values in a population are converted to? z-scores, the distribution of? z-scores will have what? mean? Choose the correct answer below. A. The mean of the? z-scores will be zero. B. The mean of the? z-sco ...

How would i calculate this to get the probability if a

How would I calculate this to get the probability. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year? Hint: You ...

If i had to collect and assess the quality and

If I had to collect and assess the quality and appropriateness of data held by a large, multi-national organization. What steps should I take? How would I address network, security, and ethical considerations when decidi ...

Past data from a specialized lung cancer clinic show that

Past data from a specialized lung cancer clinic show that 10% of patients entering the clinic have lung cancer. Data also shows 5% of the patients are smokers. Additionally, it is found that 7% of the patients are smoker ...

A bullying prevention program is underway in the phoenix

A bullying prevention program is underway in the phoenix school districts. The researchers ran multiple analyses with the baseline data. The researchers want to determine if there is a relationship between age (13, 14, 1 ...

There are 2 white balls and 8 red balls in an urn consider

There are 2 white balls and 8 red balls in an urn. Consider selecting one ball at a time from the urn. What is the probability that the first ball is red and the second ball is also red? Express the probability in fracti ...

A professor records the following final exam scores 68 6 m

A professor records the following final exam scores: 68 6 (M SD). Students scoring in the top 18% get an A. What is the cutoff score for the top 18% in this example?

On average the parts from a supplier have a mean of 975

On average, the parts from a supplier have a mean of 97.5 inches and a standard deviation of 12.2 inches. Find the probability that a randomly selected part from this supplier will have a value between 85.3 and 109.7 inc ...

A firm evaluates all of its projects by applying the irr

A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 -$ 153,000 1 78,000 2 67,000 3 49,000 What is the project's IRR? If the required return is 11 percent, should the firm accept the project? Y ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert