Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturing company is in the urgent need of a specific material. Its purchasing department orders the material from a supplier. If the order is

A manufacturing company is in the urgent need of a specific material. Its purchasing department orders the material from a supplier. If the order is not delivered in five days, the production must be stopped until the arrival of the material. Past data show that if the weather is good, the probability that the supplier can deliver the material in five days is 0.65; if the weather is bad, the probability that the supplier can deliver the material in five days is 0.45. It is forecast that the weather is good with probability 0.8 in the next five days

a) Draw a Probability tree for solving this problem.

b) What is the probability that the order will arrive at the manufacturing company in the next five days?

c) If the manufacturing process is not stopped in the next five days, what is the probability that the weather is bad?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Mathematics questions

Question

social sciencess

Answered: 1 week ago