A Very Large Logging Operation Has Serious Problems Keeping Their

question 193

Multiple Choice

A very large logging operation has serious problems keeping their skidders operating properly.The equipment fails at the rate of 3 breakdowns every 48 hours.Assume that x is time between breakdowns and is exponentially distributed.The probability of a single breakdown within 24 hours is:

• A)0.0498
• B)0.7769
• C)0.2231
• D)0.9502

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Definitions:

Resources

Assets, materials, and inputs required by an organization or individual to achieve objectives.

Legitimate Power

is a type of authority that is recognized and accepted by members of an organization, stemming from a formal position or role.

Formal Authority

The power or right to give orders, make decisions, and enforce obedience, typically within an organizational hierarchy.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.