Question: Consider the system shown below. The reliability of each process is listed at the top of the box. Components A and B are attached separately.
Consider the system shown below. The reliability of each process is listed at the top of the box. Components A and B are attached separately. Component C comes in a container (E) and has a backup (D). Component F is a backup if E fails. A, B, and E (or F) have to work in order for the system to work. Please round all percentages to 4 decimal places (e.g., 45.87%).
A = 90%
B = 84%
c =60%
D = 50%
E = c and D together
F = 40%
a. What is the reliability of the system?
b. If $900 must be spent to fix a failed system, what is the expected failure cost of the system? (Please round your answer to the nearest dollar.)
c. If an 80% reliable backup for component A could be included at a cost of $45, should it be included in the product? Why or why not?
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