A product engineer has developed the following equation for the cost of a system component: C = (10P)2, where C is the cost in dollars and P is the probability that the component will operate as expected. The system is composed of 3 identical components, all of which must operate for the system to operate. The engineer can spend $254 for the 3 components. What is the largest component probability that can be achieved? (Do not round your intermediate calculations. Round your final answer to 4 decimal places.) Probability 0.8466

A product engineer has developed the following equation for the cost of a system component: C = (10P)2, where C is the cost in dollars and P is the probability that the component will operate as expected. The system is composed of 3 identical components, all of which must operate for the system to operate. The engineer can spend $254 for the 3 components. What is the largest component probability that can be achieved? (Do not round your intermediate calculations. Round your final answer to 4 decimal places.) Probability 0.8466

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 65P

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A product engineer has developed the following equation for the cost of a system component: C = (10P)2, where is the cost in dollars and Pis the probability that the component will operate as expected. The system is composed of two identical components, both of which must operate for the system to operate. The engineer can spend $173 for the two components. To the nearest two decimal places, what is the largest component probability that can be achieved?
A product engineer has developed the following equation for the cost of a system component: C = (10P) 2, where C is the cost in dollars and P is the probability that the component will operate as expected. The system is composed of two identical components, both of which must operate forthe system to operate. The engineer can spend $173 for the two components. To the nearest two decimal places, what is the largest component probability that can be achieved?
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