Machine breakdowns, Econometrics

A bottling company has determined the number of machine breakdowns per month and their respective probabilities as given below:

    Number of
    Breakdowns        Probability
    0                         0.12
    1                         0.38
    2                         0.25
    3                         0.18
    4                         0.07

The expected number of machine breakdowns per month?  Describe your answer.

Posted Date: 3/25/2013 5:40:18 AM | Location : United States







Related Discussions:- Machine breakdowns, Assignment Help, Ask Question on Machine breakdowns, Get Answer, Expert's Help, Machine breakdowns Discussions

Write discussion on Machine breakdowns
Your posts are moderated
Related Questions
The following multiple regression results are part of a study of the demand for chicken in the USA. Q Calculates the quantity of chicken purchased per annum. PC and PB are the pric

#question.elaborate the different methods for the estimation of simultaneous equation model in case of exact and over identification?

A  firm manufactures  and  sells  a  product  that  has  the  following  demand function:       Q = 180 - 4P   where P  is price, Q  is quantity.  It also  faces  the  following

What''s the relationship between economic efficiency and technical efficiency



Outdoor Travel Inc. needs to estimate the cost of capital for the evaluation of capital expenditures. A typical project is financed with 25% debt-to-value ratio (i.e., D/(D+E) = 0.

I have a few econometric that require the use of R to generate the answer


examples of economic relationships