Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that the expected safe life of a heating element for a particular type of furnace is 6,000 hours with a standard deviation of 300

image text in transcribed
Assume that the expected safe life of a heating element for a particular type of furnace is 6,000 hours with a standard deviation of 300 hours, and that the expected safe life conforms to a normal distribution. If the maintenance schedule requires that the element be replaced after 6,000 hours, which one of the following represents the chance that the heating element will become unsafe before being replaced? Select one: O a. 50% because 50% of the normal distribution is below the 6,000 hour mean O b. 60% because there is a 10% tolerance allowance O c. 40% because there is a 10% tolerance allowance O d. 30% because the effect of the standard deviation applied to the 6,000 hour mean

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

Quantitative Financial Risk Management

Authors: Constantin Zopounidis, Emilios Galariotis

1st Edition

1118738187, 978-1118738184

More Books

Students also viewed these Finance questions

Question

Use Eq. (11) to find d 2 y/dx 2 .

Answered: 1 week ago