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Consider developments in movie theaters, which have suffered declining sales because more customers watch movies on videos and DVDs instead of going to the theater to see movies. Explain how this change in people's preferences affects movie theaters in the short run and in the long run.
MTBF Distribution
Mean Time Between Failures Distribution, a statistical representation of the expected time between failures for a system or component, crucial for reliability analysis.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.
Reliability Analysis
A systematic approach to studying the performance and reliability of systems, components, or products to identify ways to decrease the probability of failure.
Redundancy
The duplication of critical components or functions of a system with the intention of increasing reliability of the system, ensuring availability.
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