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A machine is used for machining of a manufactured product. At the beginning of each business day inspection reveals the machine's condition. There are three possible states: 0, 1 and 2. In state 0, the machine is unproductive and must be repaired. The repair costs $ 500 per day and can last more than a day. When the repair is completed, the machine is in perfect working condition (condition 2) and can operate at full capacity, which refers income of $ 400 per day. When the machine is in state 1, it can be used only at half speed, which yields $ 200 per day. In these conditions, assumes that the machine state changes according to a Markov chain with the probability following transition:
0.2 0 0.8
0.4 0.6 0
0.1 0.2 0.7
(A) On average, how many consecutive days the machine is in state 0 ?
(B) On average, what percentage of days the machine is productive?
(C) Calculate the average profit per day.
Regression line drawn as Y =C+1075x, when x was 2, and y was 239. Given that y intercept was 11. Calculate the residual.
Discuss about the scalling techniques
I) Introduction 1) Topic (s) 2) Survey Question 3) Type of Sampling 4) Why? II) Calculations 1) Data Analysis (Charts, sample mean, sample standard deviation) 2) Probability 3) E
explanation
HOW I CAN WORK UPON EWMA CHARTS?
Singer & Mcmann are partners in business. Singer''s original capital was $40,000 and Mcmann''s was $60.000. They agree to salaries of $12,000 and $18,00 respectively and 10% inte
You are required to simulate simple worm propagation in a medium-scale network by using discrete-time simulation technique. Assume that in an isolated network with IP address
At a tennis tournament a statistician keeps track of every serve. The statistician reported that the mean serve speed of a particular player was 102 miles per hour (mph) and the st
A psychologist developed a test designed to help predict whether production-line workers in a large industry will perform satisfactorily. A test was administered to all new employe
Annuity A sequence of equivalent money payments made or obtained at equivalent durations over a specific time period.
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