If the cost to a company of repairing an overheated machine


Question: When the new coolant is used, the probability that a machine overheats is 0.003. When its next closest substitute is used, the probability that a machine overheats is 0.021. If the cost to a company of repairing an overheated machine is $12,000, what is the value to that company of the new coolant's greater effectiveness?

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Operation Management: If the cost to a company of repairing an overheated machine
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