Calculating Probability of Reparation Costs for a Device with Fragile Pieces

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In summary, the conversation discussed a probability problem involving a device with two fragile pieces and the cost of repair. The given probabilities were 0.25 for none being broken, both being broken, and only one being broken, and 1/2, 1/3, and 1/6 for the cost of repair if one piece is broken. The question asked for the probability of the repair costing 900$. The solution provided was deemed correct, with a final probability of 1/72.
  • #1
penguin007
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Hi everyone,
I just would like to be reassured about simple probability question:


Homework Statement




A device is composed by two fragile pieces
during the warranty period the probability that:
-none is broken is 0,25
-both are broken is 0,25
-only one is broken is 0,25
If one piece is broken then the probability that it costs
-100$ is 1/2
-300$ is 1/3
-600$ is 1/6
What is the probability that the reparation costs 900$ ?



3. The attempt of a solution


- P = ( probability that both pieces are broken that the first costs 600$, the second 300$ and the first costs 300$ and the second 600$ )
= ( 0,25 * 1/3 * 1/6 ) * 2

Do you agree with me ?


Thanks!
 
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  • #2


Hello!

Thank you for your question. Based on the information given, your solution appears to be correct. The probability of both pieces being broken and having a repair cost of 600$ and 300$ is (0.25 * 1/3 * 1/6) = 1/144, and since there are two possible combinations (600$ and 300$ or 300$ and 600$), we multiply by 2 to get a total probability of 2/144, which simplifies to 1/72. This means that there is a 1/72 chance that the reparation cost will be 900$. I hope this helps to reassure you. Let me know if you have any further questions. Good luck with your homework!
 

1. How do you calculate the probability of reparation costs for a device with fragile pieces?

The probability of reparation costs for a device with fragile pieces can be calculated by considering the likelihood of the device breaking, the cost of repairs, and the frequency of repairs needed. For example, if the device has a high likelihood of breaking and the cost of repairs is expensive, the probability of reparation costs will be higher.

2. What factors should be considered when calculating the probability of reparation costs for a device with fragile pieces?

Factors that should be considered when calculating the probability of reparation costs for a device with fragile pieces include the fragility of the device, the cost of repairs, the frequency of repairs needed, and any external factors that may contribute to the device breaking, such as user error or environmental conditions.

3. Is it possible to accurately predict the probability of reparation costs for a device with fragile pieces?

While it is not possible to predict the exact probability of reparation costs for a device with fragile pieces, it is possible to estimate the likelihood based on past data and potential risk factors. However, unforeseen circumstances may still impact the probability and actual costs of repairs.

4. What steps should be taken to reduce the probability of reparation costs for a device with fragile pieces?

To reduce the probability of reparation costs for a device with fragile pieces, steps can be taken such as implementing protective measures, regular maintenance, and proper handling and usage of the device. Additionally, choosing a device with a lower likelihood of breaking or more affordable repair costs can also help reduce the probability of reparation costs.

5. How can understanding the probability of reparation costs for a device with fragile pieces benefit a company or individual?

Understanding the probability of reparation costs for a device with fragile pieces can help companies and individuals make informed decisions about purchasing, maintaining, and using the device. It can also help with budgeting and planning for potential repairs, as well as identifying areas for improvement in order to reduce the probability and costs of repairs.

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