A component must have reliability of .9925. Two technologies are available for this component: one produces a component with .999 reliability at a cost of $2000. Another produces a component with .73 reliability at a cost of $450
Which is cheaper: one high quality component or a parallel set of inferior components? (Hint: for the inferior components, you first need to determine the number of them that would be needed to ensure overall reliability of .9925.)
First, determine how many of the 0.73 reliable components are needed: 2: 0.9271 3: 0.980317 4: 0.994686 Four are needed, which will cost $1800. This is cheaper than the $2000 single high-quality component.
You might also like to view...
Because of time delays between receiving inventory and making the journal entry
a. liabilities are usually understated b. liabilities are usually overstated c. liabilities are usually correctly stated d. none of the above
When information is not available, the researcher should consider conducting marketing research
Indicate whether the statement is true or false
To analyze the nature of face-to-face and phone contact between employees and departments, a communications work flow chart should be used
Indicate whether the statement is true or false.
What is block booking and is it legal today?
What will be an ideal response?