EBK PRODUCTION AND OPERATIONS ANALYSIS
EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 9781478628385
Author: Olsen
Publisher: WAVELAND PRESS (ECONTENT)
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Chapter 13.1, Problem 3P

a

Summary Introduction

Interpretation:

Value of R(t) and F(t)

Concept Introduction:

Probability is the likelihood of an event to occur.. It ranges between 0 to 1. O implies no chance of occurance while 1 implies 100% chance of occurance.

b

Summary Introduction

Interpretation:

The expected number of failures

Concept Introduction:

Probability Distribution Function is a likelihood of an event to occur for discrete random variables. Graphically, it shows how likely variables will fall under the probability area.

Exponential distribution is a probabilitydistribution which finds probability of an event to occur between independent constant rate and continous rate.

c

Summary Introduction

Interpretation:

Value of r(1) yield good approximation or not.

Concept Introduction:

Normal distribution is the probability function with continuous series. It is bell shaped distribution function where mean, median and mode are same.

d

Summary Introduction

Interpretation:

Expected number of items that fail between 1 year and 1 year+ 1 week

Concept Introduction:

Normal distribution is the probability function with continuous series. It is bell shaped distribution function where mean, median and mode are same.

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