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?
Correct Answer:

Verified
Correct Answer:
Verified
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