A System Is Comprised of Two Separate Units Which Must

question 17

Multiple Choice

A system is comprised of two separate units which must both function in order for the system to perform as intended.The reliability of one is .4,and the reliability of the other is .5.The overall system reliability is:

• A).90
• B).30
• C).20
• D).10
• E).02

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Definitions:

Variable

A quantity that can take on more than one value.

Short-Run Average Total Cost Curve

A graphical representation that shows the average total cost of producing different levels of output in the short run, when at least one input is fixed.

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.

Output

The quantity of products or services generated by an enterprise, sector, or economic system.