The Academic Service Commonly Referred to as "Registration" Consists of Several

question 37

Essay

The academic service commonly referred to as "registration" consists of several smaller components: advising, registration for courses, fee assessment, financial aid calculations, and fee payment. Each of these modules operates independently and has some probability of failure for each student. If the five probabilities which accompany these services are 95%, 90%, 99%, 98%, and 99%, what is the "reliability" of the entire product from the student's perspective-the probability that all five will work according to plan?

---

Definitions:

Initial Financing

The first round of funding a business obtains to start operations, which can come from a variety of sources including personal savings, loans, or investor money.