Question: Problem # 4 (10 points) A product undergoes a quality control process. If it fails, the product is sent to a repair centre where it

Problem # 4 (10 points) A product undergoes a

Problem # 4 (10 points) A product undergoes a quality control process. If it fails, the product is sent to a repair centre where it is readjusted. There are 2 technicians at the centre, and each one can adjust the failed product in an average of 5 minutes, their repair time is exponentially distributed. The average number of rejects is 18 products per hour, and the sequence of rejections appears to be well described by a Poisson process. As another option, the manufacturer of the product can lease one machine, which can adjust the failed product to the same degree of accuracy as the repair 2 technicians, in exactly 2 minutes. The machine leasing costs are equivalent to 3 the salary and other related costs of the technicians. Should the company lease the machine? Provide detailed explanations to your

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