2. The failure of power transformers is assumed to follow a Poisson probability distribution. Suppose on average, a transformer fails once every 10 years.What is the probability that it will not fail in the next 12 months? That it will fail once in the next 24 months?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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2. The failure of power transformers is assumed to follow a Poisson probability distribution.
Suppose on average, a transformer fails once every 10 years.What is the probability that
it will not fail in the next 12 months? That it will fail once in the next 24 months?
Transcribed Image Text:2. The failure of power transformers is assumed to follow a Poisson probability distribution. Suppose on average, a transformer fails once every 10 years.What is the probability that it will not fail in the next 12 months? That it will fail once in the next 24 months?
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