In a Manufacturing Process Involving Several Machines, the Average Down

question 334

Multiple Choice

In a manufacturing process involving several machines, the average down time t (in hours) for a machine that needs repair has the probability density function . Find the probability that a failed machine's down time is 4 hours or more. Round your answer to three decimal places. ​

• A) 0.865
• B) 0.998
• C) 0.145
• D) 0.135
• E) 0.002

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Definitions:

Product Cost

The total expense incurred to produce and prepare a product for sale, including direct materials, labor, and overhead.

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Absorption Costing

A cost accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed overhead.