An equipment contains 30 parts of the same type. The part has a predicted failure frequency of 10,000 hours. The equipment operates 24 hours a day, and spares are procured at 90-day intervals. How many spares should be carried in the inventory to ensure a 95% probability of success?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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An equipment contains 30 parts of the same type. The part has a predicted failure
frequency of 10,000 hours. The equipment operates 24 hours a day, and spares are
procured at 90-day intervals. How many spares should be carried in the inventory to
ensure a 95% probability of success?
Transcribed Image Text:An equipment contains 30 parts of the same type. The part has a predicted failure frequency of 10,000 hours. The equipment operates 24 hours a day, and spares are procured at 90-day intervals. How many spares should be carried in the inventory to ensure a 95% probability of success?
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