Problem 2:The specifications on an electronic component are that its life must be between 3,000h and 5,500h. The manufacturer realizes a price of $23 per unit produced; however, defective units must be replaced at a cost of $8 to the manufacturer. Two different manufacturing processes can be used, both of which have the same mean life. However, the mean and standard deviation of life for units produced using process 1 are 3,300 and 100 h , whereas for process 2 they are 4,950 and 250, respectively.a) If the Manufacturer signed a contract to deliver 10,000 units of the component. What would be their net profit if process 1 is used and if process 2 is used?b) If the Manufacturer decided to use process 1, what is the probability of finding at least 2 defective units in a sample of 200 units?