A Typewriter Has a Mean Time Between Failures of 420

question 89

Multiple Choice

A typewriter has a mean time between failures of 420 hours and mean time to repair of 14 hours.In this case,the availability is ______.

• A)96.8%
• B)89.6%
• C)77.3%
• D)88.1%

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Definitions:

Cash Balance

The amount of cash a company has available at any given time, reflecting its liquidity.

Payroll

The total amount of wages, salaries, and other earnings that a business pays to its employees.

Liquidity Ratios

Financial ratios used to measure a firm’s ability to meet its short-term obligations to creditors as they come due.

Short-term Obligations

Financial liabilities that are due within one year, typically including accounts payable, short-term loans, and other debts.