Suppose That for a Particular Piece of Machinery, the Frequency

question 94

Multiple Choice

Suppose that for a particular piece of machinery, the frequency distribution of monthly breakdowns is as follows:

The cost of a breakdown is $2,000, and the cost of a preventive maintenance program is $2,000 per month. If the preventive maintenance program is adopted, the probability of a machine breakdown is negligible. How much better off per month would the firm be if it adopted preventive maintenance?

• A)$100 worse off
• B)$200 worse off
• C)$100 better off
• D)$200 better off
• E)$2,000 better off

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Definitions:

Biological Influences

Factors within an organism's biological makeup that affect its behavior, development, and functioning.

Developmental Stages

A concept in psychology and human development where growth is understood to occur in distinct phases, each characterized by unique challenges and potential achievements.

Basic Strengths

Fundamental qualities or attributes that form the foundation for coping, adapting, and thriving in various aspects of life.

Genetic Predispositions

An individual's likelihood of developing certain traits or disorders based on their genetic makeup.