Solved: If the system is to have a 08 probability of performing, Business Economics

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If the system is to have a 08 probability of performing

A system consists of three identical components. In order for the system to perform as intended, all of the components must perform. Each has the same probability of performance. If the system is to have a 0.8 probability of performing, what is the minimum probability of performing needed by each of the individual components?

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Business Economics: If the system is to have a 08 probability of performing

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