Question: A Florida lottery machine and printer at Store #8302 operates 360 days a year. If the machine does not work and breaks down, it costs

A Florida lottery machine and printer at Store

A Florida lottery machine and printer at Store #8302 operates 360 days a year. If the machine does not work and breaks down, it costs the Florida Lottery Commission $2,140 per day. If store employees are trained to perform local tests on the machine each day plus the costs of machine repairpersons, these preventive maintenance costs average $820 per day. If preventive maintenance is performed daily, the probability the equipment fails is zero. The probability of store lottery machine breakdown is as follows. 1 2 Number of Lottery Machine Breakdowns 0 per Day Probability of a 1/3 breakdown What are the economics of the situation? Do not round intermediate calculations. Round your answers to the nearest dollar. The expected cost of a breakdown per day is $ 1/3 1/3 The Florida Lottery Commission saves $ per year performing preventive maintenance daily

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