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Clark Property Management is responsible for the maintenance, rental, and day-to-day operation of a large apartment complex on the east side of New Orleans. Air
Clark Property Management is responsible for the maintenance, rental, and day-to-day operation of a large apartment complex on the east side of New Orleans. Air conditioning failures are relatively common, and cost an average of $1,525 each to repair. George Clark would like to simulate air conditioner failures in order to determine the amount he should budget for these repairs. Based on his records of recent years, along with manufacturer's reliability data, Clark establishes the following table of relative frequency of failures during one year: Use Clark's data to simulate 50 years of failures. Based on your simulation, how much should Clark budget each year to cover the cost of A.C. repairs
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