How many neon lights does herman use in one year

Assignment Help Engineering Mathematics

Reference no: EM131469788

Question: Herman's Hardware uses a neon light in its store window that is left burning continuously. The light has an average lifetime of 1,250 hours and fails completely at random. Lights that burn out are replaced instantly.

a. On average, how many neon lights does Herman's use in one year?

b. Suppose that the lights cost $37.50 each and Herman, the store owner, has budgeted $300 annually for them. What is the probability that Herman exceeds his annual budget in any given year?

c. What is the probability that two bulbs will be used within the same month? (Assume that one month equals 30 days for your calculation).

Reference no: EM131469788

Questions Cloud

Determine the expected time to use all spares : The probability that a single carrier sent on a six-month mission will not require replacement of the module during that time.

How many doses are available and how many people are sick : How many doses are available and how many people are sick? What group do you identify with, the more affluent or less well off in your community?

What is the probability that the budget is exceeded : An electronic module used by the Navy in a sonar device requires replacement on the average once every 16 months and fails according to a Poisson process.

How much stock should he demand : What price per share at t=0 does that represent? Answer in dollar to two decimal places, but do not use the dollar sign-what is the pre-money valuation

How many neon lights does herman use in one year : Herman's Hardware uses a neon light in its store window that is left burning continuously. The light has an average lifetime of 1,250 hours and fails complete.

What is the optimal age replacement policy : Tires that fail in service result in significantly higher replacement costs than those replaced before failure. For an 18-wheeler.

Provide election coverage : When an election for political office takes place, the television networks cancel regular programming and instead, provide election coverage.

Find the optimal replacement strategy : The Navy uses a certain type of vacuum tube in a sonar scanning device. Based on past experience, the vacuum tube exhibits the following failure pattern.

Determine possible options for evaluating strategic plan : Write a 700- to 1,050-word section for your business model and strategic plan. Determine the best possible options for evaluating the strategic plan.

User Account

All Pages