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Reliability of parallel production process

Assignment:

Q1. What is the reliability of the following parallel production process? R1 = 0.95, R2 = 0.90, R3 = 0.98.

Q2. What is the overall reliability that bank loans will be processed accurately if each of the 5 clerks shown in the chart has the reliability shown?

Hint: The three paths are done in parallel, followed by an additional independent step.

Provide complete and step by step solution for the question and show calculations and use formulas.

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