Question: In a Lean Manufacturing environment, a production line processes 2 , 0 0 0 items daily. If the defect rate is 5 % , how

In a Lean Manufacturing environment, a production line processes
2
,
0
0
0
items
daily. If the defect rate is
5
%
,
how many defects should be expected? Additionally, if the
cost to rectify each defect is $
1
0
and the process improvement initiative aims to reduce the
defect rate to
3
%
,
calculate the expected daily cost savings from this improvement. Also, if
the process improvement initiative costs $
2
,
0
0
0
to implement, how many days will it take
for the savings to offset the implementation cost?
(
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