The Average Time Between Failures for a Solenoid Is 36

question 31

Essay

The average time between failures for a solenoid is 36 months.Determine the following probabilities: (i)probability of failure before 36 months(ii)the probability that a system which is composed of two such solenoids will fail within 36 months if both must work for the system to work

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Definitions:

Profit-sharing Plan

Profit-sharing Plan is a company program that provides employees with a share in the profits of the business, usually distributed annually or quarterly.

Deferred Payment

A financial arrangement allowing for payment to be made at a later date instead of at the time of purchase or service rendered.

Shared Commitment

A mutual understanding and agreement among members of a group to work towards a common goal or adhere to a set of standards.