Question: Saved Help Save The frequency of breakdown of a machine that issues lottery tickets is given in the following table. Repairs cost an average of

Saved Help Save The frequency of breakdown of a
Saved Help Save The frequency of breakdown of a machine that issues lottery tickets is given in the following table. Repairs cost an average of $224. A service firm is willing to provide preventive maintenance under either of two options: #1 is $494 and covers all necessary repairs and #2 is $342 and covers any repairs after the first one (Do not round intermediate calculations. Round your final answer to the nearest whole number) Number of breakdown/month Frequency of occurrence 0 1 .05 35 2 3 4 20 30.10 20 Click here for the Excel Data File Pay for all repairs Service option 1 Servis option 2 Which option would have the lowest expected cost pay for all repairs, service option #1, or service option 02? Pay for all repairs Service option 1 Service option #2

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