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4.28 A factory manager is considering whether to replace a temperamental machine. A review of past records indicates the following probability distribution for the number
4.28 A factory manager is considering whether to replace a temperamental machine. A review of past records indicates the following probability distribution for the number of breakdowns of this machine in a week. Number of breakdowns 0 1 2 3 4 Probability 0.10 0.26 0.42 0.16 0.06 a. Find the mean and stande deviation of the num- ber of weekly breakdowns. b. It is estimated that each breakdown costs the com- pany $1 ,560 in lost output. Find the mean and stan- dard deviation of the weekly cost to the company from breakdowns of this machine
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