Question

The company named Dream Computer is selling 300,000 laptops all over the world and provide a warranty of brand new replacement for those damaged laptops which occur within one year after purchase. The average yearly cost of providing this warranty is RM600,000.00 and the standard deviation of this warranty cost is RM60,000.00. The individual claim frequency following a binomial distribution and the average cost to replace a laptop is RM3,000.00. Assume all laptops are having the same chance of being damage in the first year and all the laptop damages are independent with each other. Calculate the variance of the replacement cost for each laptop.

please solve it quickly as possible ​

Answer 1

Answer:

SORRY TO SAY THAT I CANNOT UNDERSTAND THE QUESTION.....