A system consists of n identical components each of which, Econometrics

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A system consists of n identical components each of which

A system consists of n identical components, each of which is operational with probability P. independent of other components. The system is operational if at least K out of the n components are operational. What is the probability that the system is operational?

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Econometrics: A system consists of n identical components each of which

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Econometrics: A system consists of n identical components each of which

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