The companys research indicates that during a given year 86

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Reference no: EM13616901

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

Reference no: EM13616901

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