Question: Problem 3 (40 Points): Consider a three-component standby system in which the three components are identical with a constant failure rate of 0.02 per year.

Problem 3 (40 Points): Consider a three-component standby system in which the three components are identical with a constant failure rate of 0.02 per year. A. If the warranty on the system is one year, determine the fraction of customers who seek warranty. B. If it is desired that at most 10% of customers seek warranty, what is the warranty period

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