Determing the Necessary Cost Savings for Investigation Assume that the cost of investigation is \(\$ 2,000\) and the cost of correction is \(\$ 500\) for positive and negative variances. The manager is always indifferent about conducting an investigation when there is a probability of \(90 \%\) that the process is in control.

{Required:}

Estimate the present value of cost savings assoicated with the correctingthe process.