In a Manufacturing Process Involving Several Machines, the Average Down

question 74

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:

Saving And Investment

The act of foregoing current consumption to put resources into assets or projects expected to generate future benefits or returns.

Loanable Funds

A term used in economics to describe the market where savers supply funds to borrowers, typically characterized by the interest rate.

Saving

The act of setting aside a portion of current income for future use, which could involve depositing money into bank accounts or investing in financial products.

Investment

Assigning funds with the anticipation of creating income or achieving financial gain.