Question: A machine is expected to use on average three spare parts with one spare part standard deviation during its useful life. The spares cost $

A machine is expected to use on average three spare parts with one spare part standard deviation during its useful life. The spares cost $

200

each and have no salvage value or other use. The manager has ordered five spares. Assuming usage rate is normally distributed, what range of shortage cost is implied?

A machine is expected to use on average three spare parts

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