Question

help please!
A printing company is considering buying a new printing press. It has quotes from two different companies. Company A offers a press for $9,500 plus $75 per month for a repair contract that covers unlimited repairs. Company B offers a press for $10,500 and charges $150 per repair.

The table gives the probabilities of the numbers of repairs to the printing press offered by company B.
Number of Repairs 0 1 2 3
Probability 0.32 0.29 0.25 0.14

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

Answer 1

@welshfella are you busy?

Answer 2

0.25

Answer 3

I'm not sure how to figure this out without a time frame. Am I over thinking this? HELP! :(

Answer 4

sorry i've got no time now

Answer 5

ok thanks for responding.

Answer 6

@surjithayer can you help me please?

Answer 7

If I am doing the correctly A company is $9575.00
and Company B is $10537.50