FARE 3310 Study Guide - Quiz Guide: Fot, Apan, The Monthly

565 views11 pages

Document Summary

Instructions: the due date for this assignment is friday, march 1, beginning of the class. Please note that late assignment will be given a zero grade: this assignment contains five questions. The point value is shown at the beginning of each question. 1 | p a g e: chapter 17 (5 points): an insurance company is reluctant to begin service at a new location until claim processing system can process claims correctly with at least 95% reliability at any given day. Lower reliability will result in damage to the company"s reputation for quality service. The subsystems and their reliability for satisfactory performance during operation for any given service are shown in the following diagram. R34 = 1-(1-r3)x(1-r4) = 1-(1-0. 75) x (1-0. 70) = 0. 925 (parallel) R234 = r2 x r34 = 0. 85 x 0. 925 = 0. 786 (series) R23456 = 1-(1-r234)x(1-r56) = 1-(1-0. 786)x(1-0. 9125) = 0. 981 (parallel) R123456 = r1 x r23456 =0. 90 x 0. 981 = 0. 883 or 88. 3% (series) (4 points)

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents

Related Questions