The academic service commonly referred to as "registration" consists of several smaller components: advising, registration for courses, fee assessment, financial aid calculations, and fee payment. Each of these modules operates independently and has some probability of failure for each student. If the five probabilities that accompany these services are 95%, 90%, 99%, 93%, and 99%, respectively, what is the "reliability" of the entire product from the student's perspective, i.e., the probability that all five will work according to plan?

Question

Quizplus · Accepted Answer

The Answer of The academic service commonly referred to as "registration" consists of several smaller components: advising, registration for courses, fee assessment, financial aid calculations, and fee payment. Each of these modules operates independently and has some probability of failure for each student. If the five probabilities that accompany these services are 95%, 90%, 99%, 93%, and 99%, respectively, what is the "reliability" of the entire product from the student's perspective, i.e., the probability that all five will work according to plan?

The Academic Service Commonly Referred to as "Registration" Consists of Several