A System Is to Be Composed of 4 Identical Components

question 62

Multiple Choice

A system is to be composed of 4 identical components in series. What is the lowest reliability component that can be used in order to have an overall system reliability of 0.85?

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

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Definitions:

Market Demand Curve

A graphical representation that shows the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Marginal Benefit

The gain in utility or satisfaction derived from the additional consumption of a unit of a good or service.

Marginal Benefit

The enhanced benefit or happiness one achieves by using an extra unit of any good or service.

Purely Competitive

A market structure characterized by many small firms producing identical products, free entry and exit, and no single firm influencing the market price.