Determine the probability that the lifetime of the system


Suppose that a serial connection system has 10 components and the failure rate function is the same constant for all components and is 1 per 100 days.

(a) Determine the probability that the lifetime of the system exceeds 10 days.

(b) What is the probability that the lifetime of one component exceeds 10 days?

(c) What is the reliability function of each component and the system as a whole?

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Financial Econometrics: Determine the probability that the lifetime of the system
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