Question: Given name: From the solution of Question 1 in the class notes (Cost of Quality), we have L(x)=125000*(x-0.5). Now, suppose that two processes, A

Given name: From the solution of Question 1 in the class notes

Given name: From the solution of Question 1 in the class notes (Cost of Quality), we have L(x)=125000*(x-0.5). Now, suppose that two processes, A and B, have the following distributions of a quality characteristic with specification 0.500.02. Process A Value Probability Process B Probability 0.47 0 0.02 0.48 0.20 0.03 0.49 0.20 0.15 0.50 0.20 0.60 0.51 0.20 0.15 0.52 0.20 0.03 0.53 0 0.02 Question: by calculating and considering the expected losses, which process should be recommended?

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