A product service life is distributed normally with a mean, Ask an Expert

Management Studies

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?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92760762

Have any Question?Write your Review or question?

Related Questions in Operation Management

Casa 2 this casa builds on your casa1 and has the potential

CASA 2. This CASA builds on your CASA1 and has the potential to develop into your critical evaluation and analysis (the body and argument) of your Ass3/report. Most problems aren't new, they have usually been considered ...

Contract to sell a marine engine for a custom refurbishment

Contract to sell a marine engine for a custom refurbishment of an antique (1950) powerboat. You contract with a seller to buy a refurbished 1950 marine engine (cannot be found anywhere else) for $30,000. In the written c ...

1 to a fbo manager that is involved in the sale and trade

1. To a FBO manager that is involved in the sale and trade of aircraft it would be necessary to understand that __________ aircraft sell more quickly than __________ aircraft. New, used Used, new 2. Airports that are eli ...

Identify and discuss the potential influence of three of

Identify and discuss the potential influence of three of the following trends and changes in the external environment on the design and implementation of staffing practices. How do these trends impact staffing strategies ...

1 explain how the requirements of the statute of frauds

1. Explain how the requirements of the statute of frauds under the UCC are different from those under the common law. 2. What type of conflict(s) existed between the two leaders? Explain your answer. 3. What did the two ...

Rocky mountain tire center sells 9000 go-cart tires per

Rocky Mountain Tire Center sells 9,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 50% of the purchace price of the tires per year. The purchase price is $24 per tire if fewer ...

Hanson brothers inc sells industrial-strength aluminum foil

Hanson Brothers, Inc. sells industrial-strength aluminum foil used by companies in large-scale manufacturing processes. Their best-selling grade of aluminum foil costs $250 per square yard to manufacture and sells for $3 ...

In the course scenario the following was stated the ceo

In the course scenario, the following was stated: The CEO has hired you as an external organizational development consultant to help him identify problem areas and to understand where changes should be made within the co ...

Network organization modelresearch a company that you

Network Organization Model Research a company that you believe uses a network organization model. Describe the company, and explain why you think the company uses a network organization model, Answer in 7-10 sentences. F ...

Assignment required assignment -the sno risk programin the

Assignment : Required Assignment -The S'No Risk Program In the mid-eighties, the Toro company launched a promotion in which snow blower purchasers could refund a portion of their purchase if the next winter brought modes ...

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

Recent Questions

Ask Operation Management Expert