Question: 4 Solar Tech EcoTech Inc. is a company specializing in environmentally friendly technologies and have recently created a more efficient and light weight solar

4 Solar Tech EcoTech Inc. is a company specializing in environmentally friendly technologies and have recently created a more efficient and light weight solar panel. Like all technologies, these solar panels are prone to failure and need to be repaired over time. The time until a solar panel fails is exponentially distributed with a mean of 10 years. (a) Calculate the probability that a new solar panel will fail within 5 years of installation. (b) Given that a solar panel has already functioned for 7 years without failure, calculate the probability that it will fail within the next 3 years. (c) Suppose EcoTech provides a warranty and promises they will repair the solar panels the first 7 times they fail. What is the likelihood a warranty will end in 100 to 120 years? (d) EcoTech Inc. decides to further their environmental impact by planting trees for every solar panel they sell. EcoTech Inc. aims to ensure that at least 100 trees reach maturity. acknowledging that the survival rate of newly planted trees is 75%, Calculate the probability that EcoTech Inc. will need to plant more than 130 trees to achieve their goal of 100 mature trees.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A city planner is trying out a new crosswalk system for bicycles to maximize how quickly they can get across town. They compare speed of travel before and after the crosswalk system and found a...

You want to be able to withdraw $20,000 from your account each year for 15 years after you retire. You expect to retire in 20 years. If your account earns 9% interest, how much will you need to...

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Instead of answer questions at the end of the case! Please briefly analyze the central problems and issues of the case, and provide some meaningful analysis and suggestions. The report should not be...

Sustainability & Corporate Social Responsibility at GE \"GE should be commended for a bold approach to climate issues. However, the company has a long way to go before it can legitimately claim to be...

It was the spring, and Shane Eten had just won a $$20,000$ sustainability award at the highly competitive Rice University Business Plan Competition. Shane was already thinking about how he would...

4:46 - II LTE WAL MART CASE STUDY Wal-Mart Stores, Inc., is an icon of American business. From small-town business to multinational, from hugely controversial to a leader in renewable energy,...

To complete the conclusion section, read the information below (about 250 to 300 words). Do not copy and paste the same thing twice. Please help, I will leave a like. So CapitaLand is the company...

You will have to read the below to do the conclusion part (about 250 to 300 words). Please help, I will leave a like. Introduction Founded on 28 November 2000, CapitaLand is a Singaporean...

a) Apply Lipinskis Rules to the structure of lamivudine. (4 marks) b) What does your Lipinski analysis tell you about the suitability of lamivudine as a drug? What are the limitations of this...

Empire Ltd had a cash balance per book of $ 40,690.50 on Jun 30, 2021. The bank statement from North Pole Bank showed a balance of $40,947.60. After rechecking, some information was found: 1. Empire...

Inventories and Cost of Goods Sold 6 0 3 1 2 3 6 . Described below are potential financial statement misstatements that are encountered by auditors. a . Inventory is understated because warehouse...

What is a multinational enterprise? Is it likely that the number of MNEs will increase during the next decade? Why?

Stratford Company distributes a lightweight lawn chair that sells for $15 per unit. Variable costs are $6 per unit, and fixed costs total $180,000 annually. Required: Answer the following independent...

You are provided with the following transactions that took place during a recent fiscal year. Instructions Complete the table indicating whether each item (1) Affects operating (O) activities,...

Kohler Corporation reports the following components of stockholders equity on December 31, 2013: Common stock $ 10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding . . . . ....

Rojas Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,630. Dividends declared and paid were $19,500. 2. No noncash investing and financing...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

Understand what markets are and how they are classifi ed.

If you were a Graeters human resource executive, would you expect to do more internal recruiting or external recruiting for the companys retail stores? Why?

Have you developed a set of disciplinary rules?