Question: Workers at a factory produce a toy with a defect about once every 4 hours on average. Each toy costs the factory approximately $7 in

Workers at a factory produce a toy with a defect about once every 4 hours on average. Each toy costs the factory approximately $7 in labor and supplies.
a. What is the expected number of toys with defects at the end of a 40-hour work week?
b. What is the standard deviation in the number of toys with defects at the end of a 40-hour work week?
c. What is the expected cost to the factory for toys with defects at the end of a 40-hour work week?
d. What is the standard deviation in cost to the factory for toys with defects at the end of the 40-hour work week?

Step by Step Solution

3.46 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a At one per four hours t... View full answer

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

Document Format (1 attachment)

Word file Icon

760-M-S-P (6222).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!