11. The measurement instruments used in the tool room of a company are found to have a failure rate of 0.01 per year. What does this mean?

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11. The measurement instruments used in the tool room of a
company are found to have a failure rate of 0.01 per year.
What does this mean?
In 1 year, 1 in 100 will be found to fail.
Transcribed Image Text:11. The measurement instruments used in the tool room of a company are found to have a failure rate of 0.01 per year. What does this mean? In 1 year, 1 in 100 will be found to fail.
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