Examlex

Solved

The Average Time Before Breakdown of a Machine Is Normally

question 11

Multiple Choice

The average time before breakdown of a machine is normally distributed and has a mean of nine weeks and a standard deviation of 1.5 weeks. If breakdown cost averages $1,500 and preventive maintenance costs $500, what is the optimal preventive maintenance interval?


Definitions:

Local Currency

The official currency that is legal tender in a country's domestic economy.

Spaghetti

A type of pasta made in long, thin, cylindrical strands, originating from Italy and popular worldwide.

Entire Income

The total amount of income received from all sources before any deductions, adjustments, or taxes.

Units Of X

A measure used to quantify quantities of a particular good or service, often used in economics and manufacturing to specify output or consumption volumes.

Related Questions