A Component Must Have Reliability of

question 98

Essay

A component must have reliability of .999. Two technologies are available for this component: one produces a component with .999 reliability at a cost of $3000. Another produces a component with .75 reliability at a cost of $500. Which is cheaper: one high quality component or a parallel set of inferior components?

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Definitions:

Agenda Setting

The ability of the news media and public policy makers to influence the importance placed on topics of the public agenda.

Public Opinion

The aggregate of individual attitudes or beliefs held by the adult population.

Gallup Poll

A statistical survey that measures public opinion, conducted by the Gallup Organization.

News Media

Organizations and platforms that gather, produce, and distribute news to the public, including newspapers, television, radio, and the internet.