Consider a Product That Has Three Components Arranged in Series

question 28

Multiple Choice

Consider a product that has three components arranged in series as shown in the following figure: Calculate and indicate the overall reliability of the system.

• A)0.857
• B)0.986
• C)0.727
• D)0.675

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

Annual Withdrawals

The amount of money withdrawn from an account or investment annually, often used in retirement planning.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.

Semiannual Period-end Payments

Payments made twice a year, often related to financial instruments like bonds or loans.