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Your team runs a payments API with a 99.9% availability SLO measured over a rolling 30-day window. The on-call engineers complain that their current alert—which pages whenever the instantaneous error rate exceeds 0.1%—generates frequent noisy pages for brief, self-recovering blips, yet occasionally fails to warn them about slow, sustained degradations that quietly consume the monthly error budget. You are asked to redesign the alerting to page only when the budget is genuinely at risk. Which approach best meets this goal?

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