QUESTION 20 Currently, the average time between failures of a part is 100 hours and the average repair time is 4 hours. A designer estimates that she can (a) increase the average time between failures by 5 percent at a cost of $450, or (b) reduce the average repair time by 10 percent at a cost of $200. Which option of the two would be more cost-effective? Option a Option b They are the same No enough information
QUESTION 20 Currently, the average time between failures of a part is 100 hours and the average repair time is 4 hours. A designer estimates that she can (a) increase the average time between failures by 5 percent at a cost of $450, or (b) reduce the average repair time by 10 percent at a cost of $200. Which option of the two would be more cost-effective? Option a Option b They are the same No enough information
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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![QUESTION 20
Currently, the average time between failures of a part is 100 hours and the average repair time is 4 hours. A designer estimates that she can (a)
increase the average time between failures by 5 percent at a cost of $450, or (b) reduce the average repair time by 10 percent at a cost of $200.
Which option of the two would be more cost-effective?
Option a
Option b
They are the same
No enough information](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97defb29-5fbc-46d6-bd9c-f02949c5b505%2F9f19237c-51e2-453b-b41f-52a54fc524b5%2Fkhkpmz_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 20
Currently, the average time between failures of a part is 100 hours and the average repair time is 4 hours. A designer estimates that she can (a)
increase the average time between failures by 5 percent at a cost of $450, or (b) reduce the average repair time by 10 percent at a cost of $200.
Which option of the two would be more cost-effective?
Option a
Option b
They are the same
No enough information
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