Question: A manufacturing plant s main production line breaks down an average
A manufacturing plant’s main production line breaks down an average of 2.4 times per day. Whenever the line goes down, it costs the company $500 in maintenance, repairs, and lost production. What is the probability that the production line will break down at least 3 times tomorrow? What is the approximate expected value for the amount of money that production line breakdowns will cost the company each day?
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