The length of time (in months after maintenance) until failure of a bank’s surveillance television equipment has a weibull distr
ibution with α = 2 and β = 80 months. If the bank wants the probability of a breakdown before the next scheduled maintenance to be 0.02, how frequently should the equipment receive periodic maintenance?
There should be a periodic maintanance for every 1.27months
Step-by-step explanation:
The step by step calculation explaining how frequent the equipment should receive periodic maintenance <em><u>(Which are the activities carried out on equipment based on a stipulated time interval for the purpose of maintaining a smooth operation of a machine or equipment or on other asset.)</u></em> can be seen in the attached image below.