Statement about the reliability or probability

Assignment Help Business Management
Reference no: EM132363695

a) A product has five components in series as shown below:

A→B→C→D→E

The reliability of components A, B, C and D are the following:

A: 92%

B: 88%

C: 85%

D: 80%

The product is to have an overall reliability of 60%. What must the reliability of component E be to satisfy this requirement? If it is not possible to satisfy the 60% reliability requirement, what is the best reliability possible for the product and what would the reliability of component E be to achieve this reliability?

b) BioTech Research Center is working to develop a new vaccine for the West Nile Virus. The project is so important that the firm has created three teams of experts working on the project from different perspectives. Team 1 has a 90% chance of success, Team 2 has an 85% chance of success, and Team 3 has a 70% chance of success. It is only necessary for one of the teams to succeed in developing the new vaccine. BioTech wants to make a statement about the reliability or probability that it will succeed in developing the new vaccine. What is this reliability or probability?

Reference no: EM132363695

Questions Cloud

Managers among different managerial jobs : Some Japanese firms have a policy of rotating their managers among different managerial jobs. In contrast, American managers are more likely to specialize
What processes toyota uses to manage capacity : What processes Toyota uses to manage capacity, inventory, and the scheduling of operations? and what processes are executed to manage quality?
How is the supply chain used for operations in the auto : How is the supply chain used for operations in the auto industry and how it is managed?
What can be used to improve operations in the auto industry : What can be used to improve operations in the auto industry? What tools and techniques used for measurement?
Statement about the reliability or probability : BioTech wants to make a statement about the reliability or probability that it will succeed in developing the new vaccine.
Responsibility to correct the issues : You have been assigned the responsibility to correct the issues.
Key operations management decisions : What are some of the key operations management decisions to be made at Madero Bank?
Why is change so difficult to implement within organization : What are the reasons people resist change, and what can an organization do to ensure change is well-received and permanent?
Develop a tailored project plan that reflects the project : PPMP20008 - Initiating and Planning Projects - CQ University - Develop a tailored project plan that reflects the project described in this document

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd