ABC Manufacturing has 8 machines that perform a particular task. Breakdowns occur frequently for this machine. Past

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ABC Manufacturing has 8 machines that perform a particular task. Breakdowns occur frequently for this machine. Past records indicate that the number of breakdowns that occur each day is described by the following probability distribution:

(a) What is the expected number of breakdowns in any given day?

(b) What is the variance and standard deviation for this distribution?

Related Book For answer-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Posted Date: Jan 05, 2021 07:13 PM

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ABC Manufacturing has 8 machines that perform a particular task. Breakdowns occur frequently for this machine. Past

Question:

Number of Probability Breakdowns 0.075 1 0.100 2 0.250 3 0.200 4 0.175 0.200 Total Number of Probability Breakdowns 0.075 1 0.100 2 0.250 3 0.200 4 0.175 0.200 Total

Expert Answer:

a Ex Summation of x Px Ex 00075 101 2025 302 40175 5020 Ex ... View the full answer

Mathematics for Economics and Business

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