Which of the Following Probability Distributions Would Most Likely Be

question 74

Multiple Choice

Which of the following probability distributions would most likely be used to describe the time between failures for electronic components?

• A) Binomial distribution
• B) Exponential distribution
• C) Uniform distribution
• D) Normal distribution

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected cost at standard prices, indicating how much was saved or overspent.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, valued at the standard cost.

Standard Material Requirement

The specified quantity of materials required to produce a set number of units of a product according to the standard production process.

Currently Attainable Standards

Performance levels that can be achieved under current working conditions with reasonable effort.