Corporations where a computer is essential to day-to-day operations, such as banks, often have a second backup computer in case the main computer fails. Suppose there is a 0.002 chance that the main computer will fail in a given time period and a 0.006 chance that the backup computer will fail while the main computer is being repaired. Assume these failures represent independent events, and find the fraction of the time that the corporation can assume it will have computer service. How realistic is our assumption of independence? The fraction of the time the corporation can assume that it will have computer service is (Type an integer or decimal rounded to six decimal places as needed.)

Corporations where a computer is essential to day-to-day operations, such as banks, often have a second backup computer in case the main computer fails. Suppose there is a 0.002 chance that the main computer will fail in a given time period and a 0.006 chance that the backup computer will fail while the main computer is being repaired. Assume these failures represent independent events, and find the fraction of the time that the corporation can assume it will have computer service. How realistic is our assumption of independence? The fraction of the time the corporation can assume that it will have computer service is (Type an integer or decimal rounded to six decimal places as needed.)

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Description: Tor SuccessBus Econ 7.5.42Question Help ▼imedia LibraryCorporations where a computer is essential to day-to-day operations, such as banks, often have a second backup computer in case the main computerfails. Suppose there is a 0.002 chance that the m

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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