i. The laptops that are purchased by a company have 742 diodes with a life span of five months. These diodes fail on a regular basis according to the following probability distribution:

Life (months) 1 2 3 4 5
Probability of failure 0.10 0.30 0.35 0.20 0.05

If the cost of replacing a diode is ₦100, calculate the monthly cost of replacing the diodes as they fail. (4 Marks)

ii. Tadet, a student in the Accountancy Department of a Polytechnic, has the following chances of receiving money from her relatives:

  • 45% chance of receiving ₦5,000 from her sister,
  • 33% chance of receiving ₦8,000 from her brother,
  • 16% chance of receiving ₦11,000 from her aunt,
  • 6% chance of receiving ₦15,000 from her uncle.

Determine if Tadet will be able to buy a gown worth ₦8,000 from the money she is expecting from her relatives. (6 Marks)

i)

ii)

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