We have 100 components that we will put in use in a sequential fashion. That is, component

Question:

We have 100 components that we will put in use in a sequential fashion. That is, component 1 is initially put in use, and upon failure, it is replaced by component 2, which is itself replaced upon failure by component 3, and so on. If the lifetime of component i is exponentially distributed with mean 10 + i/10, i = 1, . . . , 100, estimate the probability that the total life of all components will exceed 1200. Now repeat when the life of component i is uniformly distributed over (0, 20 + i/5), i = 1, . . . , 100. 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...