The amount of time that a watch will run without having to be reset is a random variable having an exponential distribution with 120 days Find the probabilities that such a watch will (a) Have to be reset in less than 24 days (b) Not have to be reset in at least 180 days ...

The amount of time that a watch will run without having to be reset is a random

Question:

The amount of time that a watch will run without having to be reset is a random variable having an exponential with θ = 120 days. Find the probabilities that such a watch will
(a) Have to be reset in less than 24 days;
(b) Not have to be reset in at least 180 days.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...