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The frequency distribution of monthly breakdowns for a machine used in an assembly line of a company producing custom products is provided in table below:
The frequency distribution of monthly breakdowns for a machine used in an assembly line of a company producing custom products is provided in table below: table Number of Breakdowns,Prob. If the preventive maintenance program is adopted, the probability of a machine breakdown is negligible, and the cost of a preventive maintenance program is $ ?per month. If the cost of a breakdown is $ ?how much better worse off per month would the company be if it adopted preventive maintenance program?
The frequency distribution of monthly breakdowns for a machine used in an assembly line of a company producing custom products is provided in table below:
table Number of Breakdowns,Prob.
If the preventive maintenance program is adopted, the probability of a machine breakdown is negligible, and the cost of a preventive maintenance program is $ ?per month. If the cost of a breakdown is $ ?how much better worse off per month would the company be if it adopted preventive maintenance program?
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