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The plant manager for the local electric utility company wants to know the reliability of one of his small hydroelectric power generating systems. This system is comprised of two components: a generator which has a random failure rate of one in every two years of operation; and a transformer which has a random failure rate of one in every five years of operation. a) What is the probability that this system will perform reliably for a period of one year? b) If he were to add both a backup generator and a backup transformer, what would be the probability that this system would perform reliably for a period of one year? c) If the transformer has a mean time to wear-out of 20 years with a standard deviation of 2 years, what is the probability that it will wear out within 19 years? d) If the transformer has a mean time to wear-out of 20 years with a standard deviation of 2 years, what service life should the manufacturer specify in order to have a .9332 probability that it will last at least that long before wearing out?
As a small business goes international through incremental stages instead of as a global start-up, what unique benefits does it have? Can you identify any obstacles?
"The Audio-Electronic Roller Coaster". Given what we learned in this chapter on the behavior of variables over time, how could AudioMax Corp. reduce their cycles of "ups and downs" and maintain a consistent rate of profitability?
Regarding Martha Stewart and her crime of Insider Trading. Her actions of "avoiding a loss" were deemed illegal. Were these actions, which led to being convicted of Insider Trading, also unethical? Please offer a complete explanation of your personal..
Financial managers can raise financial capital in the stock markets or the bond markets. What are the advantages and disadvantages of each option? How do financial managers make these decisions?
While we all became familiar with the "Parable of the Sadhu," what do you believe the intent of the authors including it in our discussions? What should we gain from it? Is it relevant? Are there any obscure, well-hidden lessons that may not be ob..
Elizabeth Drake worked as a nanny for Kimba and Zeus Baird and cared for their 3 children each day from 8 AM until 5:30 PM. At 10:00 AM each day, Elizabeth drove the Bairds' 3-year-old daughter to pre-school. On the way to the pre-school last Tuesday..
If you decide to use equity financing, where would you find equity financing? What should you be aware of when using equity financing?
Chris received new word processing software for her birthday. She also received a check, with which she intends to purchase a new computer. Chris’s college instructor assigned a paper due next week. Determine the critical path and the expected durati..
Identify the leader and the company with which the leader is affiliated. Provide brief context for the crisis or challenge. Identify the leadership models and approaches that were employed in the handling of the situation. Finally, explain why you th..
When an employee is groomed to take over the supervisor's job by gaining experience in handling important functions of the job, this is known as:
How does an organization benefit from having a portfolio map? Explain how this process continues to help the team reach its project goals.
Under governmentalism, the government uses its policy-setting role to favor national interests, rather than relying on ________. The concept of international social responsibility is the expectation that MNCs concern themselves about ________ effects..
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