It Is Assumed That the Time Failures for an Electronic

question 14

Multiple Choice

It is assumed that the time failures for an electronic component are exponentially distributed with a mean of 50 hours between consecutive failures. If one extra component is installed as a backup, what is the probability of at least one of the two components working for at least 60 hours?

• A) About 0.51
• B) About 0.09
• C) About 0.06
• D) About 0.70

Categorize information effectively based on the nature and requirements of the document.

Appreciate the chronological pattern for explaining events or processes in a logical sequence.

Understand how graphics can complement and enhance written text for clearer communication.

Discriminate between functional and flawed categorization in organizing content related to specific contexts.

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Definitions:

Nominal Interest

The rate of interest before adjustments for inflation, as opposed to real interest rates which are adjusted.

Effective Rate

The actual annual interest rate that is earned or paid on an investment, taking compounding into account.

Compounding Interval

The frequency with which interest is added to the principal balance of an investment.

Monthly Compounded

Monthly compounded refers to the process of calculating interest on a principal amount where the interest is added to the principal at the end of each month, thereby earning interest on interest in subsequent months.