Math

ProbabilityQ&A LibraryEvery time a machine breaks down at the Dynaco Manufacturing Company (Problem 3), either1, 2, or 3 hours are required to fix it, according to the following probability distribution:Repair Time (hr.) Probability1 .302 .503 .201.00 If it costs $50 per hour to repair a machine when it breaks down (including lost productivity), determine the average weekly breakdown cost.Start your trial now! First week only $4.99!*arrow_forward*

Question

Every time a machine breaks down at the Dynaco Manufacturing Company (Problem 3), 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 If it costs $50 per hour to repair a machine when it breaks down (including lost productivity),

determine the average weekly breakdown cost.

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