Determine the optimal time to replace the cartridges

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Reference no: EM131469807

Question: A local newsletter is printed on a printer with a cartridge that may break or run out of ink during operation. The cartridges can be replaced for $7.50, but if they fail when the newsletter is being printed, the cost is estimated to be $25 because of the delay in publication. The failure distribution of the cartridges is

Weekof Use Probability of Failure

1 .1

2 .2

3 .3

4 .4

Determine the optimal time to replace the cartridges.

Reference no: EM131469807

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