A plumbing company sells plumbing supplies for commercial and residential applications. The company currently has only o

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A Plumbing Company Sells Plumbing Supplies For Commercial And Residential Applications The Company Currently Has Only O 1 (97.65 KiB) Viewed 90 times

A plumbing company sells plumbing supplies for commercial and residential applications. The company currently has only one supplier for a particular type of faucet. Based on historical data that the company has maintained, the company has assessed the first accompanying probability distribution for the proportion of defective faucets that it receives from this supplier. This supplier charges the company $28.00 per unit for this faucet. Although the supplier will replace any defects free of charge, the plumbing company managers figure the cost of dealing with the defects is about $6.00 each. Complete parts a and b below. Click the icon to view the first probability distribution. Click the icon to view the second probability distribution. a. Assuming that the plumbing company is planning to purchase 1,500 of these faucets from the supplier, what is the total expected cost to the plumbing company for the deal? (Refer to the first probability distribution.) The total expected cost is $ (Type an integer or a decimal.) Data for New Supplier Proportion Defective 0.01 0.04 0.06 0.11 Print Probability O 0.1 0.1 0.7 0.1 Done Data for Original Supplier Proportion Defective 0.01 0.04 0.06 0.11 Print Probability 0.4 0.3 0.2 0.1 Done X