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An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except for two parts: its microchip, which has a failure rate of one in every 15 hours of operation; and its battery, which has a failure rate of one in every 30 hours of operation. Assuming that a new battery has just been installed, what is the probability that the battery will perform reliably during a 2 hour exam?
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In your own organisation find an example where break-even analysis is/could be applied.
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