Probability-maintenance expenses for press is defined value

Reference no: EM13121051

A tool and die press that stamps out cams used in small gasoline engines tends to break down once every five hours. The machine can be repaired and put back on line quickly, but each such incident costs $50. What is the probability that maintenance expenses for the press will be no more than $100 on a typical 8 hour workday?

Reference no: EM13121051

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