What is the standard deviation of the companys annual

Reference no: EM13636597

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

Reference no: EM13636597

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