A product design team is preparing to build a new doohickey. A doohickey consists of one A module, one B module, and one C module. There are different versions of these modules available in the company's design library. For example, there are two choices for A: A1 is .99 reliable, while A2 is .975 reliable. The table below details the choices available, along with the cost of each choice.
Help the design team by selecting the least costly version of a doohickey that has system reliability of at least .96. Draw a schematic of your finished design.
Definitions:
Current Liabilities
Financial obligations a company is required to pay within one fiscal year or its operating cycle, whichever is longer.
Current Ratio
Measures a company's ability to pay short-term obligations with its short-term assets.
Market Ratio
A financial ratio used to evaluate the performance, value, and profitability of a company within the marketplace.
Book Ratio
A financial ratio that compares a company's book value to some other indicator, often used in the context of a price-to-book ratio.
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