answer

Q;j'] Assignment 9- Week 13 - O X M Question 2 - Assignment 9- | X 5r @ (=B 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 @) Saved Help Save & Exit Submit 2 The frequency of breakdown of a machine that issues lottery tickets is given below. Repairs cost an average of $235 per repair. A service firm is willing to provide annual service contracts under either of two options. Service Option 1is $505 and covers all 1 necessary repairs. Service Option 2 is $375 and covers any repairs after the first one. points Note: Do not round intermediate calculations. Round your final answer to the nearest whole number. Number of breakdowns/year 0 1 2 3 4 !' Probability of occurrence 0.20 0.20 0.35 0.10 0.15 eB;ok Click here for the Excel Data File ey Pay for all repairs Print Service option 1 Service option 2 References Which of the three choices would have the lowest expected cost: 1. Use no service contract option but pay for all repairs as they arise; 2. Sign up for Service Option 1; or 3. Sign up for Service Option 2? O Service option 2 O Pay for all repairs O Service option 1 @