A System Is Composed of Three Components A, B, and C

question 88

Multiple Choice

A system is composed of three components A, B, and C. All three must function for the system to function. There are currently no backups in place. The system has a reliability of 0.966. If a backup is installed for component A, the new system reliability will be

• A) unchanged.
• B) less than 0.966.
• C) greater than it would be if a backup were also installed for component B.
• D) greater than 0.966.
• E) equal to exactly 0.966.

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Definitions:

Long-Term Customers

Clients or customers who have been purchasing from or engaging with a business for an extended period, indicating loyalty and sustained revenue.

BCG Matrix

A strategic analysis tool that classifies business units or products into four categories (Stars, Cash Cows, Question Marks, Dogs) based on their market growth and market share.

GE/McKinsey

A strategic business tool developed by McKinsey & Company for General Electric to evaluate business portfolio and make investment decisions.

Resource Allocations

The process of assigning and managing assets in a manner that supports an organization's strategic goals.