What is the minimum allowable reliability for the backup

Assignment Help Operation Management

Reference no: EM131417042

Consider an extensive part with a reliability of 92.8%. If the part fails, it will cost the first $2,800. On each part, a backup can be installed that costs $80. What is the minimum allowable reliability for the backup that would make installing it worthwhile? Support your answer.

Reference no: EM131417042

Questions Cloud

Draw a picture similar to given figure : Go through the conditions for which the sampling distribution of a sample proportion is approximately normal, and explain why they would apply to this situation.

Develop a research plan : Overview: The goal for this assignment is to give you the opportunity to develop a research plan for a survey of what a group of people think about a topic of your choosing.

Produce a frequency distribution with the data : Create a mock data set for your study (Assume this fits with what you have chosen for your instrumentation according to what you have learned regarding assumptions for your analysis type).Enter your DV data into SPSS® to test the data using the SP..

Compare productivity across periods : Vanessa now wants to compare productivity across periods. She sees that Betty the brownie baker worked 50 hours this week and baked 205 brownies. The week before, Betty worked for 40 hours and baked 140 brownies. Calculate Betty's productivity for th..

What is the minimum allowable reliability for the backup : Consider an extensive part with a reliability of 92.8%. If the part fails, it will cost the first $2,800. On each part, a backup can be installed that costs $80. What is the minimum allowable reliability for the backup that would make installing it w..

Describe the main line of business of the company : Describe the main line of business of the company. Explain in detail the implementation of the 4 Ps marketing mix concept by the company, including the following: Describe any differences observed in the implementation of this concept from one countr..

External environment scanning process : Discuss the following trends in the external environment scanning process that will affect most businesses

Policies and procedures in healthcare organization : List 3 steps and explain those steps (EXAMPLES) of how HR managers could go about to ensure successful development and implementation of policies and procedures in a healthcare organization ?

Draw a picture of the possible sample proportions : Draw a picture of the possible sample proportions that would result from samples of 800 people from a population with a true proportion of .50.

User Account

All Pages