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A -out-of- system consisting of exchangeable components equipped with a single cold standby component is considered. All the components including standby are assumed to be dependent and this dependence is modeled by a copula function. An exact expression for the reliability function of the considered system has been obtained. We also compute three different mean residual life functions of the system. Finally, some numerical examples are provided to illustrate the theoretical results. Our studies subsume some of the initial studies in the literature.

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