A Component Must Have Reliability of

question 57

Essay

A component must have reliability of .9925.Two technologies are available for this component: one produces a component with .999 reliability at a cost of $2000.Another produces a component with .73 reliability at a cost of $450.Which is cheaper: one high quality component or a parallel set of inferior components? (Hint: for the inferior components,you first need to determine the number of them that would be needed to ensure overall reliability of .9925. )

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Definitions:

Least-preferred Co-worker

A concept from the Fiedler contingency model referring to the person a leader has least preferred to work with, used to identify the leader's leadership style.

Leadership Style

Describes the approach or method a leader uses to provide direction, implement plans, and motivate people.

Hersey And Blanchard

Creators of the Situational Leadership Model which suggests that successful leadership is achieved by adjusting one's style to the maturity level of the group being led.

Highly Capable

Refers to individuals or systems that display a high level of ability, skill, or competence in specific areas.