1. A company is designing a product layout for a new product. It plans to use this production line eight hours a day in order to meet projected demand of 480 units per day. If the company wants the output rate to be equal to demand, what is the desired cycle time (in seconds)?
2. The time between failures for an electrical appliance is exponentially distributed with a mean of 25 months. What is the probability that the next failure will not occur before 30months have elapsed?
3. What is the break even point for the proposed new sewing line if its fixed costs are $27970 and its variable costs are $27.0 per item sewn? Assume each item sewn can sell for $58.75.