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Pat 1 The Kerwood company has 3 potential suppliers for the 3 components needed to produce a new product. All 3 components: A, B, and

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Pat 1 The Kerwood company has 3 potential suppliers for the 3 components needed to produce a new product. All 3 components: A, B, and C, must function correctly for the product to function. Reliabilities for each component surviving through the warranty period are shown here: 1. Kerwood has decided to buy all 3 components from the same supplier. Calculate the product reliability for each of the three suppliers. 2. Kerwood has chosen the best Supplier based on Reliability. The company anticipates selling 7,500 products and must refund \$24 for each failure. How much money do you estimate Kerwood will lose due to failures? Remember to use at least four significant digits past the decimal place. Given the following product configuration with component reliabilities. 3. What is the system reliability

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