Question: A not so capable process makes parts for internal consumption with 100% inspection. The probability of any part being defective is 1/1000. The cost of

A not so capable process makes parts for internal consumption with 100% inspection. The probability of any part being defective is 1/1000. The cost of inspection is $40 per hour. On average, 500 units are inspected in an hour. What is the average cost (in dollars) of catching a defect?

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