Discuss a product that has a probability of working optimally 85% of the time. Would that be

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Discuss a product that has a probability of working optimally 85% of the time.

Would that be a product that would do well in the market?

Discuss the circumstances that this would be an acceptable percentage.

Discuss some things that the manufacturer could do to improve reliability.

If the reliability of a product or service continues to remain lower than ideal or decline over time, discuss what will happen.

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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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Posted Date: Mar 04, 2024 12:07 AM

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Discuss a product that has a probability of working optimally 85% of the time. Would that be

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A product with an 85 probability of working optimally means that there is a 15 chance of failure or suboptimal performance Whether such a product woul... View the full answer

Data Analysis and Decision Making

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