Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pacific Manufacturing Company has a 2.5 HP industrial pump which, in the recent past, has shown some problems. This has interrupted the production line and

Pacific Manufacturing Company has a 2.5 HP industrial pump which, in the recent past, has shown some problems. This has interrupted the production line and has led to an unexpected downtime of the production line. The maintenance department is considering to take preemptive measures to face this problem. Table 3.a shows the frequency of breakdown of the pump over the past year (52 weeks), which was taken from the companys maintenance records.

Week No. of BDS Week No. of BDs Week No. of BDs Week No. of BDs Week No. of BDs
1 2 12 1 23 1 34 0 45 2
2 3 13 4 24 1 35 0 46 4
3 0 14 0 25 0 36 1 47 1
4 0 15 4 26 3 37 4 48 2
5 4 16 0 27 4 38 1 49 2
6 1 17 2 28 3 39 2 50 0
7 3 18 1 29 3 40 4 51 0
8 4 19 1 30 3 41 1 52 2
9 1 20 3 31 3 42 4 ? ?
10 3 21 3 32 2 43 4 ? ?
11 4 22 1 33 3 44 2 ? ?

a. From the data given in Table above prepare a probability distribution table (PDT). b. Using the random numbers given in Table below Random Number simulate the probable breakdowns of the pump for the coming year (next 52 weeks).

72 83 43 55 78 63 85 6 37 48 77 49 36
4 94 95 31 93 91 99 69 15 44 98 23 65
41 66 18 60 40 46 89 96 68 88 45 34 86
81 27 5 26 21 67 13 16 92 8 62 2 17

Random Table

c. From the data obtained, suggest a suitable course of action that is most appropriate for the company. Justify your statement with proper reasons.

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

Understanding Futures Markets

Authors: Robert Kolb, James Overdahl

6th Edition

1405134038, 9781405134033

More Books

Students also viewed these Finance questions

Question

What is Unicode, and how is it used?

Answered: 1 week ago

Question

Trace Greek medical thought from Aesculapius to Hippocrates.

Answered: 1 week ago