The life, in years, of a certain type of electrical switch has an exponential distribution with an

Question:

The life, in years, of a certain type of electrical switch has an exponential distribution with an average life 0 = 2. If 100 of these switches are installed in different systems, what is the probability that at most 30 fail during the first year?

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...