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Examine the systems given below. Which system is more reliable, a or b? c or d? Now calculate the reliability of each system. Were your perceptions correct? *Photo attached* If it costs $1000 for each 90% reliable component, $1500 for each 93% component, $2000 for each 95% reliable component, and $10,000 to replace a failed system, which system would you choose, a or b? c or d?

Examine the systems given below. Which system is more reliable, a or b? c or d? Now calculate the reliability of each system. Were your perceptions correct? *Photo attached* If it costs $1000 for each 90% reliable component, $1500 for each 93% component, $2000 for each 95% reliable component, and $10,000 to replace a failed system, which system would you choose, a or b? c or d?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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4.8. Examine the systems given below. Which system is more reliable, a or b? c or d? Now calculate the reliability of each system. Were your perceptions correct?

*Photo attached*

If it costs $1000 for each 90% reliable component, $1500 for each 93% component, $2000 for each 95% reliable component, and $10,000 to replace a failed system, which system would you choose, a or b? c or d?

(b) (c) (d) (a) 0.95 0.90 0.95 0.90 0.90 0.93 0.95 0.95 0.90 0.90 0.93 0.95 0.90 0.95 0.90 0.90
Transcribed Image Text:(b) (c) (d) (a) 0.95 0.90 0.95 0.90 0.90 0.93 0.95 0.95 0.90 0.90 0.93 0.95 0.90 0.95 0.90 0.90
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