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Assignment 9- Week 13 - OPE X M Question 1 - Assignment 9- W C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper... Assignment 9- Week 13 i Saved Help Save & Exit Submit Check my work The probability that equipment used in a hospital lab will need recalibration is given in the following table. A service firm is willing to perform maintenance and do any necessary calibrations for a fee of $600 per month. Recalibration costs $300 per time. (Round the answer of "Expected cost of recalibration" to nearest whole number.) 1 points Number of Recalibrations 0 1 2 3 Probability of Occurrence 20 . 20 . 30 . 25 . 05 eBook Click here for the Excel Data File Print Expected cost of recalibration Service contract cost References Which approach would be most cost-effective, recalibration as needed or the service contract? O Recalibration O Service contract Both methods are the same Mc Graw Hill