________ Is the Probability That a Machine Part or Product

question 50

Short Answer

________ is the probability that a machine part or product will function properly for a specified time under stated conditions.

---

Definitions:

Spendthrift Trust

A type of trust that is created to prevent the beneficiary's assets from being squandered or from being claimed by creditors by providing restricted access to the trust assets.

Personal Representative

An individual appointed to administer the estate of a deceased person.

Executor

A person appointed by a testator to serve as a personal representative on the testator’s death.

Fiduciary

A legal and ethical relationship of trust where one party manages another party's assets or interests.