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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
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 $ per month. Recalibration costs $ per time. Round the answer of "Expected cost of recalibration" to nearest whole number.
Number of Recalibrations
Probability of Occurrence
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