What are the long-term monthly cost savings

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Question - A company currently experiences 330 errors in its processing each month. Performance figures for a new artificial intelligence solution are shown below:

Probability Monthly errors

0.2 150

0.3 200

0.4 250

0.1 280

Given that each error costs the company $125 to rectify, what are the long-term monthly cost savings that will arise from the purchase of the new machine?

Reference no: EM132823479

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