A Machine Provides Four Sequential Steps in Processing a Transaction

question 36

Multiple Choice

A machine provides four sequential steps in processing a transaction. Over the last quarter, the reliability of each of these steps was 0.92, 0.98, 0.95, and 0.90. The total system reliability is:

• A) less than 0.60.
• B) equal to or greater than 0.60 but less than 0.70.
• C) equal to or greater than 0.70 but less than 0.80.
• D) equal to or greater than 0.80 but less than 0.90.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Flood Control System

involves infrastructure and strategic planning aimed at reducing or preventing the damage caused by excessive water levels, including dams, levees, and drainage systems.

Expected Loss

The anticipated amount of loss a party incurs due to risk, calculated as the sum of all possible losses each multiplied by the probability of that loss occurring.

Coastal Town

A town located near or on the coastline, often characterized by maritime activities and tourism.