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An Industrial Boiler Has a Mean Time Between Failures of 344

question 32

Multiple Choice

An industrial boiler has a mean time between failures of 344 hours and mean time to repair of 8 hours.In this case,the availability is ______.


Definitions:

Absorption Costing

An accounting method where all manufacturing costs, including both variable and fixed, are absorbed by the products.

Cost-plus Pricing

A pricing strategy where a fixed percentage or specified amount is added to the production cost to determine the sell price of a product or service.

Return on Investment

A profitability metric calculated as the net gain from an investment relative to its initial cost, used to measure the efficiency or profitability of an investment.

Selling Price

The sum a purchaser spends to acquire a good or service from a vendor.

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