Question: Using the distribution in Exercise 2 , suppose that the lens can be sold as is if there are no defects for $ 2 0
Using the distribution in Exercise suppose that the lens can be sold as is if there are no defects for $ If there is one defect, it can be reworked at a cost of $ and then sold. If there are two defects, it can be reworked at a cost of $ and then sold. If there are more than two defects, it must be scrapped. What is the expected net revenue generated during the shift if contact lenses are produced?
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