The reliability of a piece of equipment is frequently defined to be the probability,p, that the equipment
Question:
The reliability of a piece of equipment is frequently defined to be the probability,p, that the equipment performs its intended function successfully for a given period of time under specific conditions (Render and Heizer, Principles of Operations Management, 1995).
Because p varies from one point in time to another.
some reliability analysts treat p as if it were a random variable. Suppose an analyst characterizes the uncertainty about the reliability of a particular robotic device used in an automobile assembly line using the following distribution:
1 05P'l f(p) = { 0 otherwise
a. Graph the analyst's probability distribution forp.
b. Find the mean and variance of p.
c. According to the analyst's probability distribution for p, what is the probability that p is greater than
.95? Less than .95?
d. Suppose the analyst receives the additional information that p is definitely between .90 and .95, but that there is complete uncertainty about where it lies bctween these values. Describe the probability distnbution the analyst should now use to describep.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780130272935
8th Edition
Authors: James T. McClave, Terry Sincich, P. George Benson