Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the optimum preventive maintenance frequency for each of the pieces of equipment if breakdown time is normally distributed: (Round Probability Ratio to 4 decimal

image text in transcribed
image text in transcribed
Determine the optimum preventive maintenance frequency for each of the pieces of equipment if breakdown time is normally distributed: (Round "Probability Ratio" to 4 decimal places, and all other answers to 2 decimal places. Negative values should be indicated by a minus sign.) Use Table Average Time (daya) Standard Equipment between Breakdowns Deviation 19 31 36 A201 B400 C850 Equipment A201 3400 C850 Preventive Maintenance cost 5240 $140 $490 Breakdown Cout $2,140 $3,440 $4,600 Click here for the Excel Data Eile Equipment Probability Ratio Interval (days) Equipment A201 B400 C850 Average Time (days) between Breakdowns 19 31 36 Standard Deviation 2 3 6 Equipment A201 B400 C850 Preventive Maintenance Cost $240 $140 $490 Breakdown Cost $2,140 $3,440 $4,600 Click here for the Excel Data File Equipment Probability Ratio z Interval (days) A201 0.1121 0.0407 0.1065 -1.23 -1.74 16.55 25.78 B400 C850 -1.25

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

The Nurse Managers Guide To Budgeting And Finance

Authors: Al Rundio

2nd Edition

1940446589, 978-1940446585

More Books

Students also viewed these Finance questions

Question

2. What are your challenges in the creative process?

Answered: 1 week ago