La Pied manufactures high-quality orthopedic shoes. Overthe past five years, the general public has “found” La Piedproducts, and sales have skyrocketed. One unanticipated result has been a sharp increase in factory returns for repair,since local shoe repair shops do not have the materials or expertise to fix La Pied products. The popular walking sandalhas been targeted for redesign. Currently, the leather piecesare glued together, then stitched. There is a 70% chance thatthe glue will last for the life of the sandal, and a 50% chancethat the stitching will remain intact. Determine the sandal’sreliability. How would the reliability of the sandal increase ifthe company adds two more rows of stitching?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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La Pied manufactures high-quality orthopedic shoes. Over
the past five years, the general public has “found” La Pied
products, and sales have skyrocketed. One unanticipated result has been a sharp increase in factory returns for repair,
since local shoe repair shops do not have the materials or expertise to fix La Pied products. The popular walking sandal
has been targeted for redesign. Currently, the leather pieces
are glued together, then stitched. There is a 70% chance that
the glue will last for the life of the sandal, and a 50% chance
that the stitching will remain intact. Determine the sandal’s
reliability. How would the reliability of the sandal increase if
the company adds two more rows of stitching?

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