Question

A factory manager is considering whether to replace a machine by analyzing its breakdown patterns and...

A factory manager is considering whether to replace a machine by analyzing its breakdown patterns and costs. Past records show the probability distribution of breakdowns in a week as:

Number of breakdowns

0

1

2

3

4

Probability

0.1

0.26

0.42

0.16

0.06

  1. (a) Find the mean and standard deviation of the number of weekly breakdowns.

  2. (b) A breakdown costs $1500 in lost output. Find the expected weekly cost and standard deviation of weekly cost, caused by machine breakdowns.

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
One of the large photocopiers used by a printing company has a number of special functions...
One of the large photocopiers used by a printing company has a number of special functions unique to that particular model. This photocopier generally performs well but, because of the complexity of its design and the frequency of usage, it occasionally breaks down. The department has kept records of the number of breakdowns per month over the last fifty months. The data is summarized in the table below:    Number of Breakdowns Probability 0 0.12 1 0.32 2 0.24 3...
One of the large photocopiers used by a printing company has a number of special functions...
One of the large photocopiers used by a printing company has a number of special functions unique to that particular model. This photocopier generally performs well but, because of the complexity of its design and the frequency of usage, it occasionally breaks down. The department has kept records of the number of breakdowns per month over the last fifty months. The data is summarized in the table below:    Number of Breakdowns Probability 0 0.12 1 0.32 2 0.24 3...
Scott's Watermelon Company has the following inputs: Sales = $44,000,000 Total assets on balance sheet =...
Scott's Watermelon Company has the following inputs: Sales = $44,000,000 Total assets on balance sheet = $100,000,000 Total debt in capital structure = $30,000,000 Ke = 15% Kd = 10% (before tax adjustment) Tax rate = 40% The anticipated ongoing net operating income (EBIT) is $17,000,000. With the following data, please tell me what the total fair market value of Scott's Watermelon Company is. Amy's Pet Supply Warehouse is trying to figure out their degree of combined leverage. You aim...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT