Mathematics, 03.03.2020 14:54 PLEASEHELP4528

Mrs. James is planning to purchase one of two household appliance contracts. Company A offers a repair contract that covers an unlimited number of repairs for $12.99 per month. Company B charges $75 per repair but does not charge a monthly fee. The table lists the probability, based on customer reviews, of the number of repairs required over one year.

Number of Repairs: 0 1 2 3
Probability: 0.25 0.32 0.29 0.14

The offer from (Company A or B) is more cost-effective than the offer from (Company A or B).

Answers: 3

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Mrs. James is planning to purchase one of two household appliance contracts. Company A offers a repa...