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The time to failure for a given component follows an exponential distribution. It has been observed that the component has a failure rate of 8.2%

The time to failure for a given component follows an exponential distribution. It has been observed that the component has a failure rate of 8.2% per 787 hours. The Mean Time to Repair is also exponentially distributed with a mean of 98 hours.

What is the availability for this component? Provide your answer in decimal format (i.e. less than 1).

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