Question: Problem 13-4 (Algo) There is a 4 percent error rate at a specific point in a production process. If an inspector is placed at this

Problem 13-4 (Algo) There is a 4 percent error
Problem 13-4 (Algo) There is a 4 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the defects can be detected and eliminated. The inspector would cost $8 per hour and could inspect units in the process at the current production te 47 per hour If no inspector is hired and defects are allowed to pass this point, there is a cost of $9 per defective unit to correct the detects later on Assume that the line will operate at the same rate (.e. the current production rate) regardless of whether the inspectors hired or net a. If an inspector is hired, what will be the inspection cost per unit? (Round your answer to 3 decimal places.) Cost but b. If an inspector is not hired, what will be the defective cost per unit? (Round your answer to 3 decimal places Cost per unit

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