Question
ABC Manufacturing has 8 machines that perform a particular task. Breakdowns occur frequently for this machine. Past records indicate that the number of breakdowns that
ABC Manufacturing has 8 machines that perform a particular task. Breakdowns occur frequently for this machine. Past records indicate that the number of breakdowns that occur each day is described by the following probability distribution:
(a) What is the expected number of breakdowns in any given day?
(b) What is the variance and standard deviation for this distribution?
Number of Probability Breakdowns 0.075 1 0.100 2 0.250 3 0.200 4 0.175 0.200 Total
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Mathematics for Economics and Business
Authors: Ian Jacques
9th edition
129219166X, 9781292191706 , 978-1292191669
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