SOLUTION: A company produces products at a cost of $39 each. Defective products cost an additional $16 each to repair. The probability of no defective products is 80%. The probability of 5%
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Question 1153021: A company produces products at a cost of $39 each. Defective products cost an additional $16 each to repair. The probability of no defective products is 80%. The probability of 5% defective products is 20%. What is the expected cost of producing 500 products? Answer by ikleyn(52928) (Show Source):
