Each breakdown of a graphic plotter table at Airbus Industries costs $50. Following is the historical breakdown distribution: Number of breakdowns Daily breakdown probability 0.11 0.21 0.45 0.15 0.08 2 4 For Airbus Industries, the expected daily breakdown cost = dollars per day (round your response to two decimal places)

Each breakdown of a graphic plotter table at Airbus Industries costs $50. Following is the historical breakdown distribution: Number of breakdowns Daily breakdown probability 0.11 0.21 0.45 0.15 0.08 2 4 For Airbus Industries, the expected daily breakdown cost = dollars per day (round your response to two decimal places)

 

Solution

Expected number of breakdowns= 0*0.11+1*0.21+2*0.45+3*0.15+4*0.08

= 1.88 breakdowns per day

Hence expected breakdown cost per day is 1.88*50=$94