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A Product Has Three Components X, Y, and Z

question 94

Essay

A product has three components X, Y, and Z. X has reliability of 0.991; Y has reliability of 0.993. If Z has reliability of 0.991, what is the reliability of the entire product?
Can Z be redesigned to be reliable enough for the entire product to have reliability of 0.99?
Explain.


Definitions:

Electronic Funds Transfer

Electronic Funds Transfer (EFT) is the digital transfer of money from one bank account to another without any paper money changing hands.

Collect Bills

The action of requesting and receiving payment for goods or services rendered, often by companies or creditors.

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