ZuoTi.Pro
Question

Metalco is in the process of hiring a repairperson for a 10-machine shop. Two candidates are...

Metalco is in the process of hiring a repairperson for a 10-machine shop. Two candidates are under

consideration. The first candidate can carry our repairs at the rate of 5 machines per hour and earns

$15 an hour. The second candidate, being more skilled, receives $20 an hour and can repair 8 machines

per hour. Metalco estimates that each broken machine will incur a cost of $50 an hour because of lost

production. Assuming that machines break down according to a Poisson distribution with a mean of 3

per hour and that repair time is exponential, which repairperson should be hired?

math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Please rate, if it is really helps you. Thank you.

0 0
Add a comment
Know the answer?
Add Answer to:
Metalco is in the process of hiring a repairperson for a 10-machine shop. Two candidates are...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The Acme Machine Shop has five machines that periodically break down and require service. The average...

    The Acme Machine Shop has five machines that periodically break down and require service. The average time between breakdowns for any one machine is 4 days, distributed according to an exponential distribution. The average time to repair a machine is 1 day, distributed according to an exponential distribution. One mechanic repairs the machines in the order in which they break down. Use q.xls. a. Determine the probability that the mechanic is idle. (Hint: Pn is given in q.xls, and is...

  • Virginia's Ron McPherson Electronics Corporation retains a service crew to repair machine breakdowns that occur on...

    Virginia's Ron McPherson Electronics Corporation retains a service crew to repair machine breakdowns that occur on an average of λ 3 per 8-hour workday (approximately Poisson in nature). The crew can service an average of μ-6 machines per workday, with a repair time distribution that resembles the negative exponential distribution. a) The utilization rate of this service system50 (round your response to two decimal places) ) The average downtime for a broken mchnedays(round your response to two decimal places Enter...

  • A manager is trying to decide whether to buy one machine or two. If only one machine is purchased and demand proves to be excessive, the second machine can be purchased later. Some sales would be los...

    A manager is trying to decide whether to buy one machine or two. If only one machine is purchased and demand proves to be excessive, the second machine can be purchased later. Some sales would be lost, however, because the lead time for delivery of this type of machine is six months. In addition, the cost per machine will be lower if both machines are purchased at the same time. The probability of low demand is estimated to be 0.20...

  • 1) You manage a fabrication department. Your department needs to machine 1,000 brackets to be delivered...

    1) You manage a fabrication department. Your department needs to machine 1,000 brackets to be delivered to the assembly department for the assembly line which will begin working in 72 hours at 6 am. You will hire temporary help to fabricate the brackets. One unskilled candidate can be trained and get the job done in 72 hours @ $12.00 per hour. Another candidate who already has the skills can do the job in 40 hours @ $25.00 per hour. The...

  • East Coast Digital (ECD) produces high-quality audio and video equipment. One of the company’s most popular...

    East Coast Digital (ECD) produces high-quality audio and video equipment. One of the company’s most popular products is a high-definition personal video recorder (PVR) for use with digital television systems. Demand has increased rapidly for the PVR over the past three years, given the appeal to customers of being able to easily record programs while they watch live television, watch recorded programs while they record a different program, and save dozens of programs for future viewing on the unit’s large...

  • East Coast Digital (ECD) produces high-quality audio and video equipment. One of the company’s most popular...

    East Coast Digital (ECD) produces high-quality audio and video equipment. One of the company’s most popular products is a high-definition personal video recorder (PVR) for use with digital television systems. Demand has increased rapidly for the PVR over the past three years, given the appeal to customers of being able to easily record programs while they watch live television, watch recorded programs while they record a different program, and save dozens of programs for future viewing on the unit’s large...

  • You have recently been promoted to Senior Consultant for the professional service firm, BUSI 2083 LLP...

    You have recently been promoted to Senior Consultant for the professional service firm, BUSI 2083 LLP thanks in part to the hard work in leading the engagement for your client Perfect Stitch. Your firm specializes in providing a wide variety of internal business solutions for different clients. After a weekend of celebrations from your promotion, a Senior Manager calls you into her office first thing Monday morning to help with a technology client who is making a tough decision about...

  • Use program control statements in the following exercises: Question 1 . Write pseudocode for the following:...

    Use program control statements in the following exercises: Question 1 . Write pseudocode for the following: • Input a time in seconds. • Convert this time to hours, minutes, and seconds and print the result as shown in the following example: 2 300 seconds converts to 0 hours, 38 minutes, 20 seconds. Question 2. The voting for a company chairperson is recorded by entering the numbers 1 to 5 at the keyboard, depending on which of the five candidates secured...

  • Hello! Could you please write your own four paragraph (5-6 sentences per paragraph) take away or...

    Hello! Could you please write your own four paragraph (5-6 sentences per paragraph) take away or reflection of the below information? Please complete in 24 hours if possible. Thank you! RIS BOHNET THINKS firms are wasting their money on diversity training. The problem is, most programs just don’t work. Rather than run more workshops or try to eradicate the biases that cause discrimination, she says, companies need to redesign their processes to prevent biased choices in the first place. Bohnet...

  • TrueGrid manufactures the world’s strongest permeable paver. It’s a 100% permeable, which is an alternative to...

    TrueGrid manufactures the world’s strongest permeable paver. It’s a 100% permeable, which is an alternative to concrete and asphalt. It is permeable solution that allows the water to permeate through the surface and be detained below. It’s able to handle high traffic and heavy loads, so it can go from your drive way all the way to your high traffic 18 wheeler parking lots and everything in between. TrueGrid helps prevent flooding because the biggest reason is there is no...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT