22 An electronics retailer is developing a model for insurance policies on new cell phonepurchases. It estimates that 49% of customers never make a claim, 35% of customers3require a small repair costing an average of $40, and 16% of customers request a ful|refund costing $270.What is the standard deviation of the insurance claim amounts?$9.30$143.00$57.20$94.62NCSign outINTLCe%&*247860%# M

Given Data: The percentage of customers never claims is: P1=49% The percentage of customers claims…

An electronics retailer is developing a model for insurance policies on new cell phone purchases. It estimates that 49% of customers never make a claim, 35% of customers require a small repair costing an average of $40, and 16% of customers request a fulI refund costing $270. What is the standard deviation of the insurance claim amounts?

An electronics retailer is developing a model for insurance policies on new cell phone purchases. It estimates that 49% of customers never make a claim, 35% of customers require a small repair costing an average of $40, and 16% of customers request a fulI refund costing $270. What is the standard deviation of the insurance claim amounts?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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