What is the probability that no machine is being fixed?
In a factory, machines breakdown at an average of 6 machines per hour according to a Poisson distribution. The time a repair person takes to repair the machine is not defined by any probability distribution, but has a mean of 8 minutes and a standard deviation of 3 minutes.
Answer: P0 = 1 - .8 = .2
Business
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What is the function of a purchasing cooperative, or co-op?
(A) To sell the goods or services produced by members. (B) To work to improve the image and working conditions of members. (C) To obtain lower prices for members. (D) To save income taxes for members.
Business
The zone of tolerance for a service is the perceived economic benefits in relationship to the economic costs
Indicate whether the statement is true or false
Business