Machine breakdowns, Econometrics

Assignment Help:

A bottling company has determined the number of machine breakdowns per month and their respective probabilities as given below:

    Number of
    Breakdowns        Probability
    0                         0.12
    1                         0.38
    2                         0.25
    3                         0.18
    4                         0.07

The expected number of machine breakdowns per month?  Describe your answer.


Related Discussions:- Machine breakdowns

Educational investment decision, cost benefit decision invest in college un...

cost benefit decision invest in college undergraduate 5 years

Calculate the slope of a line, Give the mathematical formula of calculate t...

Give the mathematical formula of calculate the slope of a line?

Stationary point, Determine the  four  stationary  points  of  the  functi...

Determine the  four  stationary  points  of  the  function  Z= 2x 3 +y 3 -18x -12y +50 according to whether they define a maximum, minimum, or saddle point.

Q1, how to find the relationship for a simple linear model?

how to find the relationship for a simple linear model?

solutions of closely-defined customer group, Define McKinsey & Company's p...

Define McKinsey & Company's present "core competence" in terms used by Hamel & Prahalad and state how it fits with McKinsey's longer term vision. Answer) McKinsey an

Demand=price, expected solution plus hypothesis

expected solution plus hypothesis

How much will the city raise from issuing bonds, A city government wants to...

A city government wants to raise $3 million by issuing bonds. By ballot proposition, the bond's coupon interest rate was set at 8% per year with semiannual payments. However, marke

Calculate the sample mean-variance-skewness , The tab-delimited text file c...

The tab-delimited text file contains daily stock prices for the Brazilian petroleum company Petrobras from 31 December 2008 to 31 December 2009. The data were obtained from yahoo f

Request of answers, Ask q2. Using a sample of 545 full-time workers, a rese...

Ask q2. Using a sample of 545 full-time workers, a researcher is interested in the question as to whether women are systematically underpaid compared with men. First, a research es

Write Your Message!

Captcha
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