An electronic chess game has a useful life that is exponential with a mean of 30 months. Determine each of the following:a. The probability that any given unit will operate for at least (1) 39 months, (2) 48 months,(3) 60 months.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter11: Simulation Models
Section: Chapter Questions
Problem 45P: You now have 10,000, all of which is invested in a sports team. Each year there is a 60% chance that...
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An electronic chess game has a useful life that is exponential with a mean of 30 months. Determine each of the following:
a. The probability that any given unit will operate for at least (1) 39 months, (2) 48 months,
(3) 60 months.

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