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A certain product is comprised of two components: X and Y.Component X has a random failure rate of one in every ten years,while component Y's random failure rate is one in every five years.This product has a mean time to wear-out of eight years with a standard deviation of one year.What would be the reliability of this product if component Y were backed up with an identical component?
Design Thinking
Thinking that unlocks creativity in decision-making through a process of experiencing, ideation, and prototyping.
Visualizing And Brainstorming
A method used in planning and problem-solving that involves picturing a scenario or solution and generating creative ideas through collaborative discussion.
Representativeness Heuristic
A cognitive shortcut where individuals assess the likelihood of an event based on how closely it resembles their mental stereotypes or categories.
Previously Existing Value
The worth or importance of something that was recognized or established before the current situation.
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