______ Is the Reliability of a Product or Component Expressed

question 35

Multiple Choice

______ is the reliability of a product or component expressed as the average length of time elapsed before the product or component fails.

• A)Mean time to repair (MTTR)
• B)Mean time to failure (MTTF)
• C)Mean time between failures (MTBF)
• D)Mean time between repairs (MTBR)

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Definitions:

Inferior Goods

Goods for which demand tends to fall when income rises.

Incomes

Income is the financial gain, commonly acquired on a consistent basis, either from employment or investment returns.

Demand

The desire and ability of consumers to purchase goods and services at various prices, determining the quantity of a product that will be sold in a market.

Cross-price Elasticity

A measure of how the quantity demanded of one good changes in response to a change in the price of another good.