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Each breakdown of a graphic plotter table at Airbus Industries costs $50. Following is the historical breakdown distribution: Number of breakdowns 0 1 2 3
Each breakdown of a graphic plotter table at Airbus Industries costs $50. Following is the historical breakdown distribution:
Number of breakdowns | 0 | 1 | 2 | 3 | 4 |
Daily breakdown probability | 0.07 | 0.16 | 0.41 | 0.28 | 0.08 |
For Airbus Industries, the expected daily breakdown cost = _________ dollars per day (round to two decimal places).
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