Question: On average, an electronic component lasts six years. The length of time the component lasts is exponentially distributed. (1) The probability that an electronic component

time the component lasts is exponentially distributed. (1) The probability that an

On average, an electronic component lasts six years. The length of time the component lasts is exponentially distributed. (1) The probability that an electronic component lasts longer than 6 years is (Correct to 2 decimal places) (il) The standard deviation of the length of time the electronic component lasts is (Correct to 2 decimal places) (ill) The probability that a six year old component will last at least 3 more years is (Correct to 2 decimal places) (iv) An improvement to the design of the electronic component meant that 75% of components will last beyond 10 years. The average length of time the new component lasts is years. (Correct to 2 decimal places)

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!

an electronic component lasts 1600 hours . the length of time the electronic component lasts is exponentially distributed. what is the probability that an electronic component: a) lasts less than 900...

: On average, an electronic device lasts seven years. The length of the time that this device lasts is exponentially distributed. a . What is the variance of the time that tihs device lasts?...

QUESTION 7 On the average, a certain computer part lasts ten years. The length of time the computer part lasts is exponentially distributed. What is probability that the computer part lasts more than...

8. On the average, a certain computer part lasts ten years. The length of time the computer part lasts is exponentially distributed. What is the probability that a computer part lasts more than 7...

Question 13 7.5 point On average an electronic components 3600 hours. The length of time the electronic component list is exponentially distributed. What is the probability that an electronic...

A) For each probability and percentile problem, draw the picture. LetX~ Exp(0.2). 1) Sketch a new graph, shade the area corresponding toP(X

prepare a full case report analyzing the issues and making appropriate recommendations.Assume you are a consultant advisingDr. Frank Davis, one of CMIs radiologists partners. Write your group report,...

1) A service level of 95% means there is a 0.95 probability a. Of meeting all demand b. Of a stockout c. That supply will exceed demand d. That demand will be met during the lead time 2) The...

Stories We Wear: Promoting Sustainability Practices with the Case of Patagonia The purpose of this study was to explore why consumers wear and repair Patagonia brand apparel, thus extending the...

Case Studies: For each, you will submit your electronic document (.doc, .docx, or PDF) via Blackboard before class begins on the assigned date. Your case study will be not less than six pages in...

A survey conducted by the Thailand Marketing Research Society (TMRS) among 1200 Thai youngsters (13 to 18 years) in the summer of 2002 showed that loss of ''Thai identity'' was picked as one of the...

Given this function: f(x,y) = a) How large is the directional derivative at the point (-1,2) in the direction of the origin. b) In which direction does f increase most in the point (-1.2)? How big is...

An increase in risk will __________. force investors to buy stock be reflected in a higher Beta cause Beta to decrease increase a firm's ability to access capital

A potential reason for a company to hold excess cash is the company: Multiple Choice has predictable operations. operates throughout the United States. operates in an industry undergoing rapid...

Given the following ratios for four companies, which company is least likely to experience problems paying its cunent liabilities promptly? Quick Ratio Receivable Turnover b. SAFE C. d. 1.2 1.2 1.0...

A decrease in selling and administrative expenses would impact what ratio? a. fixed asset turnover ratio c. debt-to-equity ratio b. times interest earned ratio d. cunent ratio

A creditor is least likely to use what ratio when analyzing a company that has borrowed funds on a long-term basis? a. cash coverage ratio c. times interest earned ratio b. debt-to-equity ratio d....