The Key Phrase in the Definition of Reliability Is______

question 26

Multiple Choice

The key phrase in the definition of reliability is______.

• A)probability that a component,product,or system can perform its function
• B)under a given set of normal operating conditions of its use
• C)perform its intended function
• D)conditions of use

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Definitions:

Total Income

The aggregate amount of money earned or received by an individual or entity from all sources before any deductions.

Equality-Efficiency Trade-Off

The compromise between ensuring an equitable distribution of resources and reaching the highest level of economic efficiency.

Economic Efficiency

A measure of how well resources are allocated to maximize the production of goods and services.

Income Distribution

The way in which total income is divided among the population or different groups within society.