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Mathematics, 13.11.2020 16:20 bigchow

Suppose Metro by T-Mobile wants to offer a simple extended warranty plan. If your phone is damaged, they will repair it for up to $50. If you lose or destroy your phone, they will give you a $200 voucher towards a new phone. The company believes that 5% of customers will need the replacement voucher and 10% will request a repair. What is the standard deviation?

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