Solution to probabilities

Assignment Help Business Management
Reference no: EM1365833

Solution to Probabilities

A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 30 months. Assume product life can be described by an Exponential distribution.

a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?

b. What service period would result in a failure chance of approximately 10 percent?

Reference no: EM1365833

Questions Cloud

Process providing consistent cognitive stimulation : Examined the role of the organization in designing a process providing consistent cognitive stimulation and analyzed and explained the individual philosophies empowering creative thinking.
Analysis of large scale change principles : Write a one-page analysis describing D, V, F, and R, and describing how these factors helped create change, or describe what was missing that made the change difficult.
Answer to business research methods : Why would a noted business researcher say, "It is essential that we always keep in mind the model of the controlled experiment, even if in practice we have to deviate from an ideal model"?
Answer to probabilities question : Hoping to increase the chances of reaching a performance goal, the director of a research project has assigned three separate research teams the same task
Solution to probabilities : If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?
Question about cause and effect diagrams : Create a diagram and write an at least two page Solution discussing the diagram and what you would do with the information that you generated. Explain what the diagram tells you and what might be your next steps.
Important information about cause and effect diagrams : Explain the quality issue: what is the problem and what are you attempting to do with the C-E diagram and discuss who should be involved and how you would develop the chart.
Ownership structure and shareholder expectations : Describe how important a rapidly expanding domestic market is in Alibaba strategic assessment.
How does not training supervisors impact an organization : How does not training supervisors impact an organization and how does your organization develop supervisors?

Reviews

Write a Review

 

Business Management Questions & Answers

  Explain organization function and organization structure

Determine how organizational functions impact the organizational structure of your selected organization

  Knowledge management as well as e-learning

Search an article on Knowledge Management as well as E-learning and write summary for it, Class name is Management information system

  A product versus a service

Forecasting demand for a product versus a service.

  Evolutionary vs revolutionary change in organizations

Explain the changes that have taken place in your organization and In what type of change, such as restructuring, has your organization been most involved?

  Strategic role of employees

Strategic Role of Employees' Please reply to the following- Select a company that you believe uses its employees to achieve a competitive advantage. Describe how the employees effectively execute the strategy as well as how the company can sustain..

  Linear decision making

Linear Decision Making - define linear desion making and provide an example from personal experiences.

  What is formal leadership

Explain what are the major arguments opposed to formal leadership in an organization and which of these arguments in your mind has the most validity?

  Conflict of interest in achieving hostile takeovers

potential conflict of interest between themselves and stockholders or putting themselves at risk of losing their jobs

  Change in supply and a change in demand

Analyze the basis for the trends in consumption patterns as discussed in the article. In your analysis, consider the utility derived from the products mentioned in the article

  Internal and external environments

Determine how to create value and sustained competitive advantage through strategy.

  Question related to leadership

Identify and explain the process skills necessary for the consultant to have to facilitate change and what will and will not work at Pegasus?

  Explain developing countries and how they differ

Explain developing countries and how they differ from industrial market economies and How can international trade aid development

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd