Machine with exponential reliability model

Assignment Help Business Economics
Reference no: EM132150165

Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability that the machine is up for more than 10 units of time. Calculate the probability that the machine is down for less than 3 units of time.

Reference no: EM132150165

Questions Cloud

What role does innovation play in the cybersecurity industry : How can technology innovations impact risk and risk management in the cybersecurity and/or cyber defense domains?
Analyze what are their impacts on the real exchange rate : Consider an online game that is popular in China. Besides having good skills, players performance also depends on the value of the virtual weapons they have.
Spares of a critical component that have average uptime : A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components
What is your estimate of the stock current price : The company's stock has a beta of 1.8, the risk-free rate is 3.5%, and the market risk premium is 6%. What is your estimate of the stock's current price
Machine with exponential reliability model : Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability
What optimal price would you set : Suppose that the firm has produced the optimal level of output in part (a). But before this quantity is sold, demand unexpectedly falls to: P = 4,500 - 2Q.
Three mathematics units for trimester one : The following is the number of first year students who selected the three mathematics units for trimester one;
What is the net profit to the speculator : If the Canadian dollar's spot rate is $.65 at time the option is exercised, what is net profit to the 33 option is exercised, what is net profit to speculator
What is the maximum amount he could withdraw : An engineer is thinking of starting a part-time consulting business next September 5,on his 40 birthday. He expects the business will require an initial cash.

Reviews

Write a Review

Business Economics Questions & Answers

  Tax elasticity of supply

If the tax elasticity of supply is 0.35, by how much will the quantity supplied decrease when the marginal tax rate increases from 34 to 38 percent?

  What is the price elasticity of labor supply

Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?

  The term gross domestic product refers

The term gross domestic product (GDP) refers to: How has the measure of the GDP changed over the past decade?

  Assume the current price of good-equilibrating process

Assume the current price of good X is too high (it is above the equilibrium price). In your own words, describe the equilibrating process that would take place in this market.

  Which factor characterizes the competitive relationship

A firm's cost-reduction strategies may span multiple stages, from acquisition of production input factors to product service and maintenance. When seeking to lower cost in the short term, firms should

  What would be your monthly loan payments

If you could borrow that amount from Carl's Credit Union at 12% for 1 year, what would be your monthly loan payments?

  How do two relate among each other in circular flow economy

How do two relate among each other in the Circular Flow Economy and to the Government and Foreign Sector components. How does all this fit on a Wheel of Income.

  Q a group of 20 doctors are considering forming a new

q. a group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether

  Solve for the level of equilibrium output in this economy

In the Keynesian model, suppose that the economy has the following values : C = 100 + 0.75*(Y-T) G = 300 I = 200 NX = 0 T = 200. Solve for the level of equilibrium output in this economy. What is the multiplier on government spending? how much would ..

  Compute that michael budget constraint will

If the prices of pizza and submarine sandwiches double and so does Michael's money income, we can compute that Michael's budget constraint will.

  Fed could use to expand the money supply

The FOMC wants to expand the money supply by $120 million and decides to buy bonds on the open market. Suppose the reserve requirement is 40% and banks do not hold any excess reserves. Which of the following is an alternative monetary policy that the..

  Formulate intercept-slope equation of kaths budget line

Kath has $80 (income M) to spend on pizza (good 1x) and coke (good 2x). The price of a slice of pizza is $4 and the price of a can of coke is $1. If Kath buys only pizza, how many can she buy? Formulate the intercept-slope equation of Kath’s budget l..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd