Lifetimes of electronic components can often be modeled by an exponential model. Suppose quality control engineers want
Question:
Lifetimes of electronic components can often be modeled by an exponential model. Suppose quality control engineers want to model the lifetime of a hard drive to have a mean lifetime of 3 years.
a) What value of l should they use?
b) With this model, what would the probability be that a hard drive lasts 5 years or less?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a 13 ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics
ISBN: 9780134705217
4th Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
Students also viewed these Mathematics questions
-
The time to failure (in hours) for a laser in a cytometry machine is modeled by an exponential distribution with = 0.00004. (a) What is the probability that the laser will last at least 20,000 hours?...
-
An article in Industrial Engineering (August 1990) discussed the importance of modeling machine downtime correctly in simulation studies. As an illustration, the researcher considered a...
-
The lengths of telephone calls can be modeled by an exponential distribution with parameter = 0.3 per minute, with the call lengths being independent. What is the probability that out of 10...
-
Create a weighted scoring model to determine grades for a course. Final grades are based on three exams worth 20%, 15%, and 25%, respectively; homework is worth 15%; and a group project is worth 25%....
-
If the radius of a planet is larger than that of Earth by a factor of 8.7, how much bigger is the surface area of the planet than Earths?
-
Global expects sales to grow by 8% next year. Using the percent of sales method, forecast (see MyFinanceLab for the data in Excel format): a. Costs except depreciation b. Depreciation c. Net income...
-
When randomly selecting items, if successive selections are made with replacement of previously selected items, which of the five rules of this section apply: (1) fundamental counting rule; (2)...
-
St. Marks Hospital contains 450 beds. The average occupancy rate is 80% per month. In other words, on average, 80% of the hospitals beds are occupied by patients. At this level of occupancy, the...
-
Prove that x = x + o(1) if and only if lim In = X. n x+o(1)
-
Let today be November 3, 2008. (a) Use the LIBOR rate and the swap data on November 3, 2008 in Table 11.26 and fit the LIBOR curve. (b) From the LIBOR discount curve, fit the Ho-Lee model of the...
-
Jeff, a sales manager of a car dealership, believes that his sales force sells a car to 35% of the customers who stop by the showroom. He needs the dealership to make 50 sales this month to get a...
-
In the first quarter of 2017, a group of domestic equity mutual funds had a mean return of 6.2% with a standard deviation of 1.8%. If a Normal model can be used to model them, what percent of the...
-
Phillips, an African-American woman, applied for a position as secretary at the Mississippi legislature as a walk-in applicant. Phillips worked in the same building, which was made up of...
-
Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. Sales $ 1,500,000 Cost of...
-
Write a java program which determines whether an input string is a palindrome or not. Your program should take into account letters only and ignore nonalphabetic characters as well as consider letter...
-
Amber Inc. reported total shareholdersequity of $ 150,000 on its balance sheet dated December 31, 2020. During 202 reported the following: Net Income Common dividend declared (50% was paid during...
-
Ray Ray made the following contributions in 2023. Charity Property Cost Athens Academy School Cash $ 5,200 FMV $ 5,200 United Way Cash 5,250 5,250 American Heart Association First Methodist Church...
-
Write a python program to compute the value of pressure in pounds per square inch (psi) of a waveform described as follows: For time, t, equal to or less than 35 seconds, the pressure is 0.46t psi,...
-
Briefly discuss the three important dates for a dividend.
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
The 1057 houses described in Exercise 46 have a mean price of $167,900, with a standard deviation of $77,158. The mean living area is 1819 sq. ft., with a standard deviation of 663 sq. ft. Which is...
-
The data set provided contains the aver-age tuition of private four-year colleges and universities as well as the average 20072008 tuitions for each state. The mean tuition charged by a public...
-
FAOSTAT, the Food and Agriculture Organization of the United Nations, collects in-formation on the production and consumption of more than 200 food and agricultural products for 200 countries around...
-
Q1A Recommendations to enhance user experience for the following: 1. Provide specialized training 2.Focus on staff training and allocation 3.Encourage employees to practice concise communication in...
-
a: Explain how can you calculate the coefficient of rank correlation for Equal Ranks? (2 Marks) b-Ten students got the following percentage of marks in Anatomy and Physiology: (3 Marks) Percentage...
-
Your answer to each question should include the following: 1) which TVM formula(s) you need to use and 2) the values you are using in the formula (i.e. the interest rate, number of time periods,...
Study smarter with the SolutionInn App