An electrical power system consists of three major components with reliabilities of 0.99, 0.94, and 0.90. In order to improve the reliability, a backup component of reliability 0.90 is added to Component 3. Compute and indicate the composite reliability of Component 3.
a. 0.93
b. 0.92
c. 0.99
d. 0.92
b. 0.92
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Indicate whether the statement is true or false a. True b. False
The expected value of sample information:
A) is never more than EVPI. B) can be greater or less than EVPI. C) can be positive or negative. D) is equivalent to the EVPI.
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a. True b. False Indicate whether the statement is true or false
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a. the government b. the state legislature c. the holder of title to the property d. the holder of deed to the property e. none of the other choices are correct