A parallel system is one that functions as long as at least one component of it functions.

Question:

A parallel system is one that functions as long as at least one component of it functions. A particular parallel system is composed of three independent components, each of which has a lifelength with an exponential(λ) The lifetime of the system is the maximum of the individual lifelengths. What is the of the lifetime of the system?
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...