Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A product service life is distributed normally with a Mean of 12 years and a Standard Deviation of 18 months.

HINT: Please make sure the Mean, Standard Deviation, and expected product life are represented by the same time interval ( either months or years).

Show your work.

1) What is the probability that this product will perform reliably for 12.5 years?

2) What is the probability that this product will  fail due to wear out within 16 years?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92276234

Have any Question?


Related Questions in Operation Management

This assignment must be posted in apa format with at least

This assignment must be posted in APA format with at least two scholarly references. Responses should be 500-700 words in length. Take the following companies: (for each one) a.. Apple Computer b.. Coca Cola c.. Nike d.. ...

1 the case involving new haven connecticut fighters ricci v

1) The case involving New Haven Connecticut fighters, Ricci v. DeStefano. What's an employer to do? The fire department management it thought the promotion exam had a disparate impact on minorities, and they threw out th ...

1 briefly explain how a company can achieve lower

1. Briefly explain how a company can achieve lower production costs and increase productivity by improving the quality of its products and services. 2. What are the key elements of the TQM approach? What is the driving f ...

A what would be your first choice for an advertising medium

(a) What would be your first choice for an advertising medium for an entrepreneur owning a rental car agency? Why? (b) List three other possible advertising methods.: How can an entrepreneurial firm benefit from the serv ...

Advertising to the growing hispanic population in the

Advertising to the growing Hispanic population in the United States means taking the commercial prepared for the mainstream and adapting it for this market. Many companies such as Verizon, Energizer, and Southwest Airlin ...

Describe the four groups involved in managing the

Describe the four groups involved in managing the corporation (Directors, Officers, Shareholders, and Stakeholders). Use your own words, examples, and describe the responsibilities of each group. Then, discuss the emerge ...

Management information systemassignmentcase

Management Information System Assignment Case Study--Question Prepare an in-depth analysis of four case studies during the semester. Here are some guidelines: This is an individual assessment, which is a part from your c ...

1 should employees receive pay increases for simply doing

1. Should employees receive pay increases for simply doing the job they are were hired to do or should they have to go above and beyond? Would your answer be different for bonuses? Provide an explanation for your respons ...

Questions write a two-page paper typed and double-spaced in

Questions : Write a two-page paper, typed and double-spaced, in which you identify a company you believe has a strong service oriented approach that has resulted in a competitive advantage. Include the following elements ...

1 is uber an ethical company why or why not2 what is your

1. Is Uber an ethical company, why or why not? 2. What is your opinion on the future of Uber? 3. Would you invest in Uber? Why or why not?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As