Probability-eka manufacturing company

Assignment Help Basic Statistics

Reference no: EM13100062

1. EKA manufacturing company produces Part # 2206 for the aerospace industry. Each unit of part # 2206 is sold for $15. The unit production cost of part # 2206 is $3. The fixed monthly cost of operating the production facility is $3000. How many units of part # 2206 have to be sold in a month to break-even?

2. A company is considering producing some new products. Based on past records, management believes that there is a 60% chance that the first product will be successful, and a 40% chance that the second product will be successful. As these products are completely different, it may be assumed that the success of one is totally independent of the success of the other. If two products are introduced to the market, what is the probability that both are successful?

Reference no: EM13100062

Questions Cloud

Probability calculation-titanic mortality data : In this the anniversary of the sinking of the Titanic, it is interesting to look at the distribution of those who survived, and those who died. The table below describes the number of men, women and children who were passengers on the Titanic.

Defectiveness in production process : A production process is known to produce a particular item in such a way that 5 percent of these are defective. If two items are randomly selected as they come off the production line

Understanding the dupont formula : While the industry average ROE is about 15%, average profit margin of 50%, asset efficiency of 10%, and leverage ratio of 3, the ROE for ABC, Inc., using data from January 2011, was 8.00% on an average shareholder's equity of $25,000,000.

Write issues affecting equal opportunity in education today : How did students come to receive opportunities, e.g. Title 1, they presently have in public education? What present issues are affecting equal opportunity in education today?

Probability-eka manufacturing company : The fixed monthly cost of operating the production facility is $3000. How many units of part # 2206 have to be sold in a month to break-even?

Risk of parkinsons disease developing : The study found that men who had participated in some vigorous activity at least twice a week in high school, college, and up to age 40 had a 60% reduced risk of Parkinson's disease developing. The study found no such reduction for women. What typ..

Deciding which of two machines to purchase : Suppose you were trying to decide which of two machines to purchase. Furthermore, suppose the length to which the machines cut a particular product part was important. If both machines produced parts that had the same average length, what other co..

Poisson distribution-confidence interval : The mean number of cargo ships that arrive at a port is 3 per day. The port has staff and facilities to handle up to 6 ships in a day. Using the Poisson distribution, find the probability that, on a given day,

Briefly describe the organization : What type of management style does CEO Larry Page use? Is this any different than the styles of the founders? Briefly describe the organization.

User Account

All Pages