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Please help ASAP. Thank you. The frequency of breakdown of a machine that issues lottery tickets is given in the following table. Repairs cost an
Please help ASAP. Thank you.
The frequency of breakdown of a machine that issues lottery tickets is given in the following table. Repairs cost an average of $227. A service firm is willing to provide preventive maintenance under elther of two options: $1 is $497 and covers all hecessary repairs, and \#2 is $351 and covers any repairs after the first one. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Click here for the Excel Data File Which option would have the lowest expected cost: pay for all repairs, service option $1, or service option $2 ? Service option #2 Service option \#1 Pay for all repairs Step by Step Solution
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