Clark Property Management is responsible for maintenance, rental, and day-to-day operation of a large apartment complex on the east side of New Orleans

Clark Property Management is responsible for maintenance, rental, and day-to-day operation of a large apartment complex on the east side of New Orleans. George Clark is especially concerned about the cost projections for replacing air conditioner compressors. He would like to simulate the number of compressor failures each year over the next 20 years. Using data from a similar apartment building he manages in a New Orleans suburb, Clark establishes a table of relative frequency of failures during a year.