Question

The failure of a circuit board interrupts work that utilizes a computing system, until a new board is delivered. The delivery time, Y, is uniformly distributed on the interval two to six days. The cost of a board failure and interruption includes the fixed cost c0 of a new board and a cost that increases proportionally to Y2. If C is the cost incurred, C = c0 + c1Y2.
A) Find the probability that the delivery time exceeds two days.
B) In terms of c0 and c1, find the expected cost associated with a single failed circuit board.

Answer 1

Answer:

a) 1  ( 100% )

b)   Co + 46/3 C1

Step-by-step explanation:

Delivery time = Y

Interval = 2 to 6 days

cost incurred ( C ) = Co + C1 Y^2

a) determine the probability that the delivery time exceeds two days

since the delivery time is uniformly distributed on the interval 2 to 6 days the probability of having a delivery time > 2 days will be = 1

b) Determine the expected cost associated with a single failed circuit board

E ( Y^2 ) = 46/3

hence the cost associated with a single failed circuit board =

E ( C ) = Co + 46/3 C1

attached below is a detailed solution