Question: The component below has transitional probabilities in equal time intervals as follows: P = 0.2 AF P =0.92 PA PA P. Using the Markov Diagram

The component below has transitional

The component below has transitional probabilities in equal time intervals as follows: P = 0.2 AF P =0.92 PA PA P. Using the Markov Diagram for the possible combinations, what is the probability of being unavailable after three time intervals, assuming the system is initially unavailable? Part B Question 3 Part (ii) 5 Marks A manufacturer sells bearings with a 2 week free replacement warranty The failure time of a engine bearing is known to follow an exponential distribution with a failure rate of 0.008 per month The manufactures cost of production of a bearing is 0.75. By considering the time value of money with a discounting factor of 0.05, determine the expected amount of warranty payment to be made by the manufacturer per unit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Part B Question 3 (1) 5 Marks The component below has transitional probabilities in equal time intervals as follows: P = 0.2 4-F P =0.92 FA a Pa Using the Markov Diagram for the possible...

Exercises Chapter 2 2.1 Marginal and conditional probability: The social mobility data from Section 2.5 gives a joint probability distribution on (Y1 , Y2 )= (father's occupation, son's occupation)....

1 2.3 Definition of a Discrete Probability Function Definition: Let S be a discrete sample space from some experiment. A function P, defined on all events in S, is said to be a probability function...

Examine the pricing strategies in the gasoline market. Make sure to address the following topics: In the article, (Mixed) Strategy in Oligopoly Pricing: Evidence from Gasoline Price Cycles Before and...

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

2017/4/28 Section 6.3 (Part B) [74 points] WebAssign Section 6.3 (Part B) [74 points] (Homework) Current Score : - / 74 Huizhi Liu MA 114, section 601, Spring 2017 Instructor: Lavon Page Due :...

Probability and Statistics - Problem Set c Keith M. Chugg October 2, 2015 1 Preliminaries, Combinatorics, Set Probability 1.1. A number of bats are in a cave. 2 bats can see out of their left eye. 3...

nodes, but at least its bias can be quantified by Markov Chain L. INTRODUCTION analysis and thus can be corrected via appropriate re-weighting The popularity of online social networks (OSNs) in...

tudy of an innovative method based on complementarity between ARIZ, lean management and discrete event simulation for solving warehousing problems Fatima Zahra Ben Moussa a, , Roland De Guiob ,...

I have attached 2 business research. Write a 700- to 1,050-word paper in which you practice identifying the critical first stage of developing any research study: State the purpose of the business...

Critically analyze the business to business and (b2b), business to consumer (b2c) of the chosen company and types of market segmentation they should target in Omani Market. Student should analyze the...

Emerson Washburn is examining the accounts receivable of Anaheim Company and has decided to use MUS to select a sample of customer accounts for confirmation. Anaheims accounts receivable totaled $...

under what special circumstance may an ammend return claiming a refund after the normal filing deadline has expired?

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...