Find the average weekly breakdown cost

Reference no: EM1319974

Every time a machine breaks down at the Dynaco Manufacturing Company [Problem A]; either 1, 2, or 3 hours are required to fix it, according to the following probability distribution:

Repair Time (hr.)	Probability
1	.30
2	.50
3	.20
	1.00

The Dynaco Manufacturing Company produces a product in a process consisting of operations of five machines. The probability distribution of the number of machines that will break down in a week follows:

Machine Breakdowns per Week	Probability
0	.10
1	.10
2	.20
3	.25
4	.30
5	.05
	1.00

Question: If it costs $50 per hour to repair a machine when it breaks down [including lost productivity]; Find the average weekly breakdown cost

Reference no: EM1319974

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