A new automated production process averages 1.5 breakdowns per day. Because of the cost associated with a
Question:
A new automated production process averages 1.5 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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (18 reviews)
15 P 3 or more breakd...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Question Posted:
Students also viewed these Statistics questions
-
The Strategic Air Command (SAC) is concerned about the possibility that missiles will not launch successfully. Utilizing test data, it regresses X1 (the temperature at launch in degrees Fahrenheit),...
-
The cost associated with manufacturing high performance lubricants closely follows the cost of crude oil. For the last 10 years, a small, independent refiner had a cost of $3.4 million in years 1...
-
Using the information below, write a memo to your supervisor, Mrs. Alice Johnson. The memo should be in proper memo format, and should explain the issue and provide an appropriate suggested solution....
-
Saeed does not keep proper books of account for his business but he has provided the following details of his assets and liabilities. Further information 1. Land and buildings have been revalued at...
-
From the following trial balance, complete a worksheet for Jims Hardware of Halifax: Assumptions a. and b. Ending inventory on December 31 is calculated at $315 c. Insurance expired, $150 d....
-
Evaluate algebraically not using L'hospitals rule. Evaluate the limit tan x lim x->0 3x
-
The in-plane shear modulus, \(G_{12}\), of a carbon/epoxy lamina is to be measured by using the rail shear test shown in Figure 10.36. The test is conducted on a 10 in. \(\times 10 \mathrm{in} ....
-
For each of the following $1,000-par value bonds, assuming annual interest payment and a 40% tax rate, calculate the after-tax cost to maturity using the approximation formula. Discount (-r Coupon...
-
Examine the emerging trends and challenges in computational fluid dynamics (CFD) research, including the development of high-fidelity simulation methods, uncertainty quantification, and optimization...
-
As a group you are the senior teaching staff of a school where each subject department is regarded as a cost centre. The direct costs of each cost centre are teachers salaries, books and worksheets...
-
Cars arrive at a car wash randomly and independently; the probability of an arrival is the same for any two time intervals of equal length. The mean arrival rate is 15 cars per hour. What is the...
-
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...
-
Refer to the Journal of Business Logistics (Vol. 36, 2015) study of the factors that lead to successful performance-based logistics projects, Exercise 7.52. Data on years of experience for 6...
-
QUESTION 4(a) Determine the coordinate for centroid of the homogeneous sheet metal component shown in Figure Q4(a). Tentukan koordinat titik tengah bagi komponen kepingan logam seragam ini dalam...
-
Risk averse investor is the one who requires a ( n ) A ) increase in return, for a given decrease in risk B ) increase in return, for a given increase in risk C ) decrease in return, for a given...
-
A student drove to the university from her home and noted that the odometer reading of her car increased by 15.0 km. The trip took 17.0 min. (For each answer, enter a number.) (a) What was her...
-
Kirkwood Company acquired and placed in service in 2018 $400,000 of 5-year assets, $400,000 of 7-year assets, and $400,000 of 15-year assets. The company's taxable income for 2018 before any Section...
-
in sales transaction subject to the residential property disclosure act, the act requires the appropriate disclosure statement to be provided to prospective purchasers by the? A ) broker prior to the...
-
What is the auditors interest in these documents?
-
A sprinkler head malfunctions at midfield in an NFL football field. The puddle of water forms a circular pattern around the sprinkler head with a radius in yards that grows as a function of time, in...
-
Beyond replicating the merchandise in its stores, how can Target.com deliver on the Expect More promise to its customers? What strategies are currently used and what strategies could be added?
-
Jane MacFarlane wants a weekly schedule for two business services, X and Y. Each 'unit' of X delivered to customers needs one service package, while each unit of Y uses two of the packages, and Jane...
-
Novacook Ltd makes two types of cooker, one electric and one gas. There are four stages in the production of each of these, with the following features: Each electric cooker has a variable cost of...
-
Tarsands Oil make two blends of fuel by mixing three crude oils. The costs and daily availability of the oils are: Tarsands sell each litre of Blend 1 for $1.00 and each litre of Blend 2 for $1.20....
-
A 1-year zero coupon bond has a YTM of 10%. A 2-year zero coupon bond has a YTM of 12%. Both are riskless. What is the price of a 2-year, annual 5% coupon paying bond with face value of $1,000?
-
Tom wants to buy a house priced at $500,000. He plans to put 20% down and a mortgage banker will lend him the remainder at a 6% fixed rate for 30 years, with monthly payments to begin in one month....
-
Suppose there are two assets. There is a risk-free investment that yields a return of 4% and a risky asset that has an expected return of 15% and a standard deviation of 20%. You invest 30% of your...
Study smarter with the SolutionInn App