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STATS / Updated / 100% CORRECT Answers

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A fast food restaurant just leased a new freezer and food fryer for three years. The service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35 service charge for each repair needed. The restaurant's research indicates that during a given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5% twice, 4% three times, and none required more than three repairs. The mean restaurant's annual expense with the service contract for this freezer is _______. - 136.55 (ADD up the product of each % mult. by #: 0.33*35+125) A fast food restaurant just leased a new freezer and food fryer for three years. The service contract for the freezer offers unlimited repairs for a fee of $125 a year plus a $35 service charge for each repair needed. The restaurant's research indicates that during a given year 80% of these freezers need no repairs, 11% needed to be serviced once, 5% twice, 4% three times, and none required more than three repairs. The standard deviation of the number of repairs for this freezer per year is _______. - ((0-.33)^2(.8)... ) = .72

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