An article in the Journal of Quality of Maintenance Engineering (Vol. 19, 2013) studied the problem of
Question:
An article in the Journal of Quality of Maintenance Engineering (Vol. 19, 2013) studied the problem of finding the optimal replacement policy for a maintenance system. Consider a system that is tested every 12 hours. The test will determine whether there are any flaws in the system. Assume that the probability of no flaw being detected is .85. If a flaw (failure) is detected, the system is repaired. Following the fifth failed test, the system is completely replaced. Now let x represent the number of tests until the system needs to be replaced.
a. Give the probability distribution for x as a formula.
b. Find the probability that the system needs to be replaced after 8 total tests.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich