If the Mean Time Between Failures Has Been Calculated to Be

question 38

True/False

If the mean time between failures has been calculated to be 2,000 hours, then FR(N) = 0.005 failures/unit-hour.

---

Definitions:

Closing Rate

Closing Rate refers to the exchange rate between two currencies at the end of a trading period, used in accounting to convert the financial statements of foreign subsidiaries.

Spot Rate

The current market price at which a particular currency can be bought or sold for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date, used as a hedging instrument against currency fluctuations.

Average Rate

An indicative value representing the mean of several different rates or prices, commonly used in finance.