What is the value to that company of the new coolant

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Question: When the new coolant is used, the probability that a machine overheats is 0.003. When its next closest substitute is used, the probability that a machine overheats is 0.021. If the cost to a company of repairing an overheated machine is $12,000, what is the value to that company of the new coolant's greater effectiveness?

Reference no: EM131387751

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