Question: A typical days production of a certain electronic component is twelve. The probability that one of these components needs rework is 0.11. Each component needing

A typical day’s production of a certain electronic component is twelve. The probability that one of these components needs rework is 0.11. Each component needing rework costs $100. What is the average daily cost for defective components?

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Solution The probability of each component needing rework is 01112100 00011 Ea... View full answer

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