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.

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The Answer of 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.

Assume That a Crucial Machine Part Has a 5% Rate