Two Components of Reliability 0

question 68

Multiple Choice

Two components of reliability 0.95 are in parallel and this subsystem is connected in series to a component with a reliability of 0.95. The overall system reliability is ________.

• A) 0.93
• B) 0.94
• C) 0.95
• D) 0.96
• E) 0.97

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Definitions:

Contracting Efficiencies

Improvements in performance or cost savings achieved through outsourcing or entering into contracts for services.

Agency Costs

Expenses stemming from conflicts of interest between principals (owners) and agents (managers) in a corporation.

Decision Management

The process of making business decisions through repeatable and manageable methodologies, often aided by specialized software.

Standard Costs

Predetermined costs for materials, labor, and overheads used as benchmarks to evaluate actual production or manufacturing costs.