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The Chief of the Design Team for a New Missile

question 33

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The chief of the design team for a new missile wants to know the reliability of its guidance system.This system is comprised of three components: a gyroscope,which has a random failure rate of 3 in every 10 launches; a computer,which has a random failure rate of 2 in every 10 launches; and a rocket motor,which has a random failure of 1 in every 10 launches.If they were to connect an identical,backup gyroscope with a perfectly reliable switch to the primary gyroscope,what would be the reliability of the gyroscope function during a launch?

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Money Income

The total amount of monetary earnings received by an individual or group, including wages, salaries, bonuses, and other income.

Choice Set

A set of options available for a decision-maker to choose from in a given scenario.

Price Increases

The rise in the cost of goods or services compared to a previous time period.

Choice Set

A collection of all possible alternatives or options available to a consumer for making a decision.

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