Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls I need explanation to understand more thanks A new automated production process averages 2.5 breakdowns per day. Because of the cost associated with a

pls I need explanation to understand more thanks

image text in transcribed
A new automated production process averages 2.5 breakdowns per day. Because of the cost associated with a breakdown, management is concerned about the possibility of having three or more breakdowns during a day. Assume that breakdowns occur randomly, that the probability of a breakdown is the same for any two time intervals of equal length, and that breakdowns in one period are independent of breakdowns in other periods. What is the probability of having three or more breakdowns during a day? (Round your answer to four decimal places.) Need Help? Read It Master It 5. [-/1 Points] DETAILS ASWSBE14 5.E.072. 0/2 Submissions Used MY NOTES ASK YOUR TEACHER You may need to use the appropriate appendix table or technology to answer this question. Customer arrivals at a bank are random and independent; the probability of an arrival in any one-minute period is the same as the probability of an arrival in any other one-minute period. Answer the following questions, assuming a mean arrival rate of three customers per minute. (Round your answers to four decimal places.) (a) What is the probability of exactly three arrivals in a one-minute period? (b) What is the probability of at least three arrivals in a one-minute period

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

Principles Of Macroeconomics

Authors: Lee Coppock, Dirk Mateer

2nd Edition

0393614093, 9780393614091

More Books

Students also viewed these Economics questions

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago

Question

Self-confidence

Answered: 1 week ago