Assume that the BP rig in the Gulf of Mexico has four major safety devices all...

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Assume that the BP rig in the Gulf of Mexico has four major safety devices all connected in a series. The corresponding reliabilities of these four devices are: Device 1: Device 2: Device 3: Device 4: 0.85 0.95 0.80 0.80 Device 2 has a single backup system with identical reliability. Device 3 has a single backup system that has two subcomponents (each with a reliability of .50) that are connected in a series. Device 4 is backed up by two backup systems (each with reliability of .75). What is the likelihood that these safety devices (working together) will prevent another disaster? Please show all calculations. Assume that the BP rig in the Gulf of Mexico has four major safety devices all connected in a series. The corresponding reliabilities of these four devices are: Device 1: Device 2: Device 3: Device 4: 0.85 0.95 0.80 0.80 Device 2 has a single backup system with identical reliability. Device 3 has a single backup system that has two subcomponents (each with a reliability of .50) that are connected in a series. Device 4 is backed up by two backup systems (each with reliability of .75). What is the likelihood that these safety devices (working together) will prevent another disaster? Please show all calculations.

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To calculate the likelihood that these safety devices will prevent another disaster we need to deter... View the full answer