Probability of not requiring replacement of module which was sent on a six month mission. 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.

Question

If the probability of a “super-event” increases, does the “unique-event” risk increase or decrease in importance? Why?

Answer 1

Question

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

c

Summary Introduction

Expected time to use all 40 spares.

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.

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If the probability of a “super-event” increases, does the “unique-event” risk increase or decrease in importance? Why?

A product engineer has developed the following equation for the cost of a system component: C = (10P) 2, where C is the cost in dollars and P is the probability that the component will operate as expected. The system is composed of two identical components, both of which must operate forthe system to operate. The engineer can spend $173 for the two components. To the nearest two decimal places, what is the largest component probability that can be achieved?

5. Meg Jones, the CEO of Ajax Computer Company, and Brad Smith, its Director of Operations, had been discussing how to increase the firm’s production of the company’s flagship XR58. The XR58 was particularly important because it sold 12,500 of them in the most recent year for $950, at a gross margin of 55%. After a lot of discussion, they decided to pursue an incentive system designed to increase production by 12% in the next year. After Brad discussed this possible incentive with the production team, the team determined that it could increase production by this amount without adding any more people or equipment. They believed they could accomplish this improvement primarily through process redesign. To incent them to do the hard work of process improvement, Brad told the team that it would receive 25% of the increased profits if it met the new production goal. For this team of 20 people, this would mean an additional compensation of _________ for each team member, on average, for…

Answer 2

Question

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

c

Summary Introduction

Expected time to use all 40 spares.

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.

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Answer 3

Question

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

c

Summary Introduction

Expected time to use all 40 spares.

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.

Expert Solution & Answer

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Answer 4

Question

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

c

Summary Introduction

Expected time to use all 40 spares.

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.

Expert Solution & Answer

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Answer 5

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

c

Summary Introduction

Expected time to use all 40 spares.

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.

Answer 6

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

Answer 7

Chapter 13.3, Problem 14P

a

Summary Introduction

Interpretation:

Probability of not requiring replacement of module which was sent on a six month mission.

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.

Answer 8

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

Answer 9

b

Summary Introduction

Interpretation:

Probability of fifth failure is more than one year after devices are placed into service.

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.

Answer 10

c

Summary Introduction

Expected time to use all 40 spares.

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.

Answer 11

c

Summary Introduction

Expected time to use all 40 spares.

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.

Answer 12

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Answer 13

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Answer 23

Ch. 13.1 - Prob. 3P Ch. 13.1 - Prob. 4P Ch. 13.1 - Prob. 5P Ch. 13.1 - Prob. 6P Ch. 13.2 - Prob. 7P Ch. 13.2 - Prob. 9P Ch. 13.3 - Prob. 13P Ch. 13.3 - Prob. 14P Ch. 13.4 - Prob. 15P Ch. 13.4 - Prob. 16P

Probability of not requiring replacement of module which was sent on a six month mission. 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.

Solution Summary: The author describes Probability Distribution Function as a likelihood of an event to occur for discrete random variables. The probability of fifth failure is more than one year after devices are placed into service.

Videos

Expected time to use all 40 spares.

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.

Chapter 13 Solutions

Probability of not requiring replacement of module which was sent on a six month mission. 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.

Solution Summary: The author describes Probability Distribution Function as a likelihood of an event to occur for discrete random variables. The probability of fifth failure is more than one year after devices are placed into service.

Videos

Expected time to use all 40 spares. 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.

Chapter 13 Solutions

Expected time to use all 40 spares.

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.