At ski resorts, lifts need to be reliable. Recently, one resort tested the reliability of their 20 different lifts by using a time-terminated test. The test ran for 100 hours of continuous operation

During the test, four lifts broke down, at 40, 65, 80, and 89 hours. Calculate the mean life of the lifts. If it takes on average 12 hours to repair a lift, calculate the availability of the lifts.

4
What will be an ideal response?

λ = -------------------------------------------- = 0.002
40 + 65 + 80 + 89 + 16(100)

Θ = 500 hours of average life before breakdown.

500
Availability = ----------------- = 0.977
500 + 12

The system is available 97.7% of the time.

Business

You might also like to view...

The country of Argonia imposes an ad valorem tariff of 10 percent on 1 million tons of rice imports, after which an out-of-quota tariff of 80 percent is applied. Which of the following trade policy instruments is Argonia using?

A. Subsidy B. Tariff rate quota C. Voluntary export restraint D. Tariff ceiling E. Local content requirement

Business

Which of the following is a relevant question to ask a financial planner?

A) What are your credentials and professional designations? B) Would you provide us with references? C) Would you show us a similar financial plan you have done for someone else? D) Will you provide us with a written estimate of your services and their cost? E) All of the above

Business