For Eight Hours of Operating Time Per Day and a Desired

question 6

Short Answer

For eight hours of operating time per day and a desired output rate of 960 units per day, what is the percentage of idle time for the balance which uses the minimum number of stations?

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Definitions:

Standard Deviation

An analysis method to quantify the level of scattering or variability among a set of measures.

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one, used in statistical analyses.

Probability

A statistical metric that indicates the extent of the chance of an event taking place, expressed within the range from 0 (no chance) to 1 (absolute certainty).

Binomial Probability Experiment

An experiment or process that has exactly two possible outcomes (success or failure) for each trial and where the probability of success is the same for each trial.