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A company is developing a new rocket for NASA and is concerned about the reliability of the fuel pump system.The fuel pump system has four fuel pumps (none are redundant), each with a failure probability of .001 over a two-hour period.
a.What is the reliability of an individual fuel pump?
b.What is the reliability of the fuel pump system for the rocket?
Core Values
Fundamental beliefs or guiding principles that dictate behavior and help individuals understand the difference between right and wrong.
Cultural Audit
An examination of an organization's values, beliefs, and practices to assess its cultural environment and effectiveness.
Environmental Scan
The process of systematically examining external elements affecting an organization, to identify opportunities and threats that could influence future strategies.
Strategic Planning Process
A methodical approach for setting organizational goals, determining actions to achieve those goals, and mobilizing resources to execute the actions.
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