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A Tolerance Reserve or Factor of Safety in Product Design

question 43

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A tolerance reserve or factor of safety in product design is needed to account for engineering uncertainty regarding the maximum variation allowable and compatibility with satisfactory product performance.


Definitions:

Tax

An obligatory financial contribution or another kind of levy enforced on taxpayers by government entities to support government operations and a range of public spending.

Price Paid

The sum of money given in exchange for a product or service when bought.

Price Received

Price received is the amount of money paid to a seller for goods or services, as agreed upon by the seller and the buyer.

Rent Control

Government-imposed restrictions on the amounts that landlords can charge their tenants, intended to keep housing affordable.

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