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Author Question: A cell phone company offers a simple extended warranty plan. If your phone is damaged, they will ... (Read 198 times)

OSWALD

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A cell phone company offers a simple extended warranty plan. If your phone is damaged, they will repair it for up to $50. If you lose or destroy your phone, they will give you a $200 voucher towards a new phone. The company believes that 5% of customers will need the replacement voucher and 10% will request a repair.

What is the standard deviation of the 10 total warranty plans? What assumption does this calculation require? Do you think this assumption is reasonable?


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Marked as best answer by OSWALD on Aug 31, 2019

nyrave

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OSWALD

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Reply 2 on: Aug 31, 2019
YES! Correct, THANKS for helping me on my review


Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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