Question: Suppose we have a process that makes extension cords. The target value for the length of the extension cord is 5 meters. The standard deviation

Suppose we have a process that makes extension

Suppose we have a process that makes extension cords. The target value for the length of the extension cord is 5 meters. The standard deviation of the process is 0.02 meters. The manufacturer wants the USL to be 5.035 meters, and the LSL to be 4.975 meters. If it costs $0.50 to fix any extension cord that is longer than the USL and $1.50 to fix anyone shorter than the LSL, and the manufacturer produces 100,000 extension cords per year. P ( USL) = (keep 4 decimal places). What is the expected annual cost to fix these extension cords? $ (round your answer to the nearest dollar)

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