Hi I need help with this problem.
dependent series circuit
A system is built using two components wired together in series:
Component 1 has probability 0.93 of working for one year.
Component 2 has probability 0.87 of working for one year.
Assuming that:
Prob[Component 2 fails, Given that Component1 fails] = p,
estimate the probability that the system composed of both components wired in series will work for one year.