Mathematics, 17.04.2020 01:03 diangeloortiz

A computer company shipped two new computers to a customer. These two computers were randomly selected from the 15 computers in stock. Unfortunately, the inventory clerk by mistake mixed up new computers with refurbished computers. As a result, the 15 computers in stock consisted of 11 new computers and 4 refurbished computers. If the customer received one refurbished computer, the company will incur a shipping and handling expense of $100 to replace that computer with a new computer. However, if both computers were refurbished, the customer would cancel the order and the company will incur a total loss of $1,000. If the customer received both computers as new, then there is no extra cost involved (i. e., zero loss). Find the expected value and standard deviation of the computer company's loss.

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A computer company shipped two new computers to a customer. These two computers were randomly select...

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