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Suppose a system has three components: X, Y, and Z. Probabilities of each are:
PX = 0.9
PY = 0.85
PZ = 0.78
What is the reliability of the system if an identical backup system (complete parallel system) is used to improve reliability?
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Each coffee table produced by the Timothy Kent Designers nets firm profit of $9. Each bookcase yields a $12 profit. This post describes how to find out the objective function for maximizing total profits and provides the answer.
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Calculate the LCL and UCL for these data. Plot the control chart. Are all points within the control limits?
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