Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0.645 0.855 0.80D 0.999 0.645 c. Assume that the system still costs $600 to fix every time it breaks down, and you are going to

image text in transcribed
0.645 0.855 0.80D 0.999 0.645 c. Assume that the system still costs $600 to fix every time it breaks down, and you are going to run the system 1000 times. You are considering improving your system. You have contacted a backup supplier of component 1. She tells you that the backup for component I will cost $50,000. What would the minimum reliability of the backup need to be to make the purchase worthwhile? (keep 4 decimals for 0.855 0.80D 0.999 intermediate calculations) a. What is the reliability of the system? (Round to 4 decimals) b. If the system costs $600 to fix every time it breaks down, what is the expected fixing cost if the system runs for 1000 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Linear Algebra

Authors: Peter J. Olver, Cheri Shakiban

1st edition

131473824, 978-0131473829

More Books

Students also viewed these Mathematics questions