Solution-What is the expected profit per part

What is the expected profit per part

Reference no: EM132227818

Manufactured parts have lifetimes in hours, X, that are normally distributed with mean 1000 and standard deviation 100. If 800 ≤ X ≤ 1200, the manufacturer makes a profit of $50 per part. If X > 1200, the profit per part is $75. Otherwise, the manufacturer loses $25 per part. What is the expected profit per part? Can you help me with this question?

Reference no: EM132227818

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What is the expected profit per part

Reference no: EM132227818

Reference no: EM132227818

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