The specifications on an electronic component in a target-acquisition system are that its life must be between 11252h and 16878h. The manufacturer realizes a price of $39 per unit produced; however,...

Extracted text: The specifications on an electronic component in a target-acquisition system are that its life must be between 11252h and 16878h. The manufacturer realizes a price of $39 per unit produced; however, defective units must be replaced at a cost of $7 to the manufacturer (the manufacturer pays the price back and also $7). The manufacturer has two alternative production lines both have normally distributed life hours. Mean and standard deviation hours are given in the table below. (Hours) Process 1 Process 2 Mean 14065 15472 Standard Deviation| 2813 1407 Process 1 has a production cost of $ 0.07. Production costs for process 2 are twice those for Process 1. Which process should be selected? Calculate the expected profit per unit produced for each process. Expected profit for Process 1 = $ Expected profit for Process 2 = $