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Please help. ASAP. Thank you. The probability that equipment used in a hospital lab will need recalibration is given in the following table. A service

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The probability that equipment used in a hospital lab will need recalibration is given in the following table. A service firm is willing to perform maintenance and do any necessary calibrations for a fee of $600 per month. Recallbration costs $475 per time. (Round the answer of "Expected cost of recalibration" to nearest whole number.) Click here for the Excel Data File Which approach would be most cost-effective, recalibration as needed or the service contract? Service contract Recalibration Both methods are the same

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