QUESTION 5 Simulato a manufacturing operation that has a machine that fails betw

Question

QUESTION 5 Simulato a manufacturing operation that has a machine that fails betweon zero and 4 wooks. The random number between zero and one. The equation for the time to fail is 4 times the square root of a Excel formula will be 4'sqrtrando). when the machine fails the time to repair isindays. There is a 15% probablity that it will be repared in one day, a 55% pobability that it wil be opaein two days and a 30% probability that it wil quetree days to par Ithas n emu red more than three days to mpar when the ma n sdown the company loses $2000 per day. Use a discrete viookup table for this portion of the simulation Build a model with 8200 trials using two random numbers for each trial. Answer the following question. The total years this simulation will cover is which of the following. 0 0-100 years O 101-200 201-300 301-400 O 401-500 501-600 For the previous simulation the loss per week is which of the following? O 1240-1320 1321-1400 O 1401-1480 O 1481-1560 O 1561-1640 O 1641-1720 1721-1800

Explanation / Answer

Answer to question# 1)

the total time covered will surley be within 0 to 100 years

We run 8200 trials , and each trial the chance of failure is from 0 to 4 weeks

Thus the correct answer choice is : 0 to 100 years

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