Mathematics, 17.09.2021 23:40 Terrydactly

A machine will be used to produce up to 5 units a day. After each in completed, there is a 20%probability that the machine becomes inoperable for the day (it will be definitely repaired before thenext morning). If less than 3 units are produced in a day, then the production level is consideredunsatisfactory and additional measures will be required. i. Find the probability of an unsatisfactory performance in one day. ii. Suppose that the additional measures cost $1000 per day, and by introducing new practices youcould reduce the probability of failure after each unit to 10%. How much would you be willingto pay for this change

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