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1. Office machine costs $10000 to replace unless the problem isfound and fixed.

ID: 2917284 • Letter: 1

Question

1. Office machine costs $10000 to replace unless the problem isfound and fixed. Repair calls from any service technician costs$500 each and you're willing to spend $2000 to get the machinefixed. You estimate that a pair technician has 25% chance of fixingit.
- Find the estimated amound spent on this machine (You must spend$10000 for a new one if you do not find a vendor that pairsyours)

2. Find:; SD(    X+2Y ) where variables X and Y havethe means 100 and 120, respectively, and standard deviations 10 and20, respectively

Explanation / Answer