A Laser Printer Is Able to Operate 400 Hours Between

question 3

Multiple Choice

A laser printer is able to operate 400 hours between two repairs,and the mean time to repair the printer is 4 hours.Compute and indicate the availability of the printer.

• A)0.99
• B)0.96
• C)0.98
• D)0.97

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Definitions:

Strict Performance

The requirement that a contract be executed precisely as agreed, without any deviations or allowances.

Contract Price

The total amount agreed upon by the parties involved in a contract for the sale of goods, services, or property.

Quasi-Contract

A legal concept that implies a contract exists to prevent unjust enrichment or unfair benefit, even though no formal contract exists between the parties.

Compensatory Damages

Financial compensation awarded to a plaintiff to cover losses directly related to an injury or damage.