An electronic device is made up of two components A and B such that the device would work satisfactorily as long as at least one of the components works. The probability of failure of component A is 0.02 and that of B is 0.1 in some fixed period of time. If the components work independently, find the probability that the device will work satisfactorily during the period.
Answer to relevant QuestionsA recent survey conducted by Towers Perrin and published in the Financial Times showed that among 460 organizations in 13 European countries, 93% have bonus plans, 55% have cafeteria-style benefits, and 70% employ home-based ...In problem 2-34, are the events "top executive made more than $1 million" and "shareholders lost money" independent of each other? If this is true for all firms, how would you interpret your finding? In the analysis of variance we compare several population means to see which is largest. After the primary analysis, pair wise comparisons are made. If we want to compare seven populations, each with all the others, how many ...Holland America Cruise Lines has three luxury cruise ships that sail to Alaska during the summer months. Since the business is very competitive, the ships must run full during the summer if the company is to turn a profit on ...According to Business Week, 50% of top managers leave their jobs within 5 years. If 25 top managers are followed over 5 years after they assume their positions, what is the probability that none will have left their jobs? ...
Post your question