#YOU THINK YOU KNOW MATHS/STATISTICS #SEP 2014 CPN EXAM
Mr. Smith wants to know the failure rate per month, of his
piece of equipment located in oyo,fom the past failure’s records, he has the
following information
Failure
Records/month
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
Frequency
|
1
|
2
|
3
|
5
|
6
|
5
|
3
|
0
|
PLEASE ADVICE MR.SMITH AS FOLLOWS:
1
Generate the probabilities of the equipment
failure rate per month
2
Generate the random numbers to be used, and
simulated for eight (8) month and advise him on what the failure rate would be,
using the Monte-Carlo method.
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