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Describe the improved reliability gained with a backup part

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Reference no: EM132422183

Problem: Assume that a crucial machine part has a 5% rate of failure in six months, based on company data. Compare the probability of having a single part fail during a six month period to the probability of having a second independent backup part and having both of them fail in 6 months. Describe the improved reliability gained with a backup part. Can you please help me by providing the authentic solution of this problem.

Reference no: EM132422183

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