If all of your computer data are stored on a hard disk drive with a copy stored on a second hard disk drive, what is the probability that both drives will fail during a year?
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Given that the failure rate of a hard drive is 10%=0.1, the probability that both hard disk drives will fail is,
p(failure)=p(failure of hard disk drive 1) (failure of second hard disk drive)
p(failure)=0.10.1 =0.01
Therefore, the probability that both drives will fail is 0.01