The Academic Service Commonly Referred to as "Registration" Consists of Several

question 37

Essay

The academic service commonly referred to as "registration" consists of several smaller components: advising, registration for courses, fee assessment, financial aid calculations, and fee payment. Each of these modules operates independently and has some probability of failure for each student. If the five probabilities which accompany these services are 95%, 90%, 99%, 98%, and 99%, what is the "reliability" of the entire product from the student's perspective-the probability that all five will work according to plan?

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Definitions:

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment or event.

Standard Deviation

A statistical measurement that depicts how spread out the numbers in a data set are around the mean.

Throwing A Dart

The action of propelling a small, pointed missile towards a target, typically on a dartboard.

Standard Deviation

A method for quantifying how much data values diverge or are dispersed from each other.