A Product Is Composed of a Series Connection of Four

question 135

Essay

A product is composed of a series connection of four components with the following reliabilities. What is the reliability of the system?
$$\begin{array} { | l | c | c | c | c| } \hline\text { Component } & 1 & 2 & 3 & 4 \\\hline \text { Reliability } & .90 & .95 & .97 & .88 \\\hline\end{array}$$

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Definitions:

Commission

A fee or percentage of a sale paid to a salesperson, intermediary, or agent for their services in facilitating the transaction.

Profits

The financial gain obtained when revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Payday Loan

A type of short-term borrowing where an individual borrows a small amount at a high rate of interest, typically due on their next paycheck.

Profitable Stores

Retail outlets that generate more revenue than the expenses incurred in their operation.