In a Factory, Machines Breakdown at an Average of 6

question 50

Short Answer

In a factory, machines breakdown at an average of 6 machines per hour according to a Poisson distribution. The time a repair person takes to repair the machine is not defined by any probability distribution, but has a mean of 8 minutes and a standard deviation of 3 minutes.
-On average, how many machines are waiting in line to be fixed?

Learn about the safeguards for physical and intangible assets.

Know the roles and responsibilities in a company's financial operations.

Understand the importance of documentation in internal controls.

Recognize the various types of endorsements and their purposes.

---

Definitions:

McDonald's

A global chain of fast-food restaurants known for its burgers, fries, and breakfast items, characterized by its widespread presence and well-known brand.

Economic Espionage Act

is a United States federal law that criminalizes the theft or misappropriation of trade secrets with the intent of benefiting a foreign power.

Federal Crime

Illegal activities that violate federal laws and are prosecuted by the federal government.

Trade Secrets

Confidential business information that provides an enterprise with a competitive edge and is protected from disclosure.