Question: please answer correctly 3. Now assume that when delays do occur, they are random and losses due to cost repairs and time delays breakdown as

please answer correctly

please answer correctly 3. Now assume that when

3. Now assume that when delays do occur, they are random and losses due to cost repairs and time delays breakdown as follows 40% of the time they cost $2,500,45% of the time they cost $3,500 and 15% of the time they cost $9,000 a. b. Calculate the expected cost per delay? (2 points) Calculate the expected losses for ALL planes per day. (2 points) Calculate the expected losses for ALL planes for the whole year. (1 point) C

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