Answer: 26 dollars
Step-by-step explanation:
The owner needs to consider that:
To measure the risk she can multiply the probability of an event to happen (P)* the impact (I) (in this case the impact is the cost).
All these eventes can be considered as independent between each other (no correlation), so you can add their P*I.
In this case:
P1*I1= 1%*550=5.5
P2*I2=6%*150=9
P3*I3=15%*100=15
So, the expected value of what she may spend for repairng is = P1*I1+P2*I2+P3*I3= 5.5+9+15= 29.5
She shoould not spend more than 29.5 dollars, otherwise, she will spend more in the surge supresor than in expected reapring value
The ratio of pizza to other items is 12:15
All you have to do is divide 7 by 8 (so 7/8) and you get the answer: 0.875! hope that helps! :)
264
Step by step explanation This is how I got the answer to your question and I gave you the solution I hope this helps you out
