A P/OM Student Has Purchased a Four-Function Calculator for Use

question 43

Multiple Choice

A P/OM student has purchased a four-function calculator for use during exams.This calculator is perfectly reliable except for two parts: its microchip,which has a failure rate of one in every twenty hours of operation; and its battery,which has a failure rate of one in every ten hours of operation.Also,on average the battery will fail in five hours,with a standard deviation of 30 minutes.Assuming that a new battery has just been installed and the student brings one spare battery with him,what is the probability that the calculator will perform reliably during a one-hour exam?

• A)0.89775
• B)0.9405
• C)0.987525
• D)0.99
• E)0.9975

Grasp the concept of formal planning models and their reliance on managerial experience.

Recognize the implications of choosing a level strategy in service firms and determine the optimal level of output.

Define and explain the concept of disaggregation in planning.

Understand the mathematical approaches to and limitations of aggregate planning.

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Definitions:

Wellness Programs

Wellness programs are initiatives offered by employers to improve the health and well-being of employees, often including fitness, nutrition, and mental health components.

Hostile Attribution

The tendency to interpret others' behaviors as having malicious intent, even when the behavior is ambiguous or benign.

Potency Bias

The tendency to overestimate one's ability to control events or outcomes, often leading to overconfidence.

Social Discounting

A phenomenon in which individuals devalue rewards or benefits that are to be received by others, placing less value on outcomes affecting people who are socially distant.