The device D1 is made by three critical pieces a, b and c, such that even if only one of them is defective, then the device does not work. If the piece a is defective with probability Pa, and similarly Pb for piece b and Pc for piece c, what is the probability that the device D1 does not work? The device D2 is made by two critical pieces v and W, such that if at least one of them works, then the device works. If the piece v is defective with probability Pv, and similarly Pw for piece w, what is the probability that the device D2 does not work? What is the maximum value of the probability of defects for piece a such that the probability that the device D1 does not work is lower or equal than the target probability Pt?
Quadratic Equation
When it comes to the concept of polynomial equations, quadratic equations can be said to be a special case. What does solving a quadratic equation mean? We will understand the quadratics and their types once we are familiar with the polynomial equations and their types.
Demand and Supply Function
The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a given period of time. The analysis or evaluation of the demand side factors are important for the suppliers to understand the consumer behavior. The evaluation of supply side factors is important for the consumers in order to understand that what kind of combination of goods or what kind of goods and services he or she should consume in order to maximize his utility and minimize the cost. Therefore, in microeconomics both of these concepts are extremely important in order to have an idea that what exactly is going on in the economy.
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