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If the manufacturer sells 310 printers, how much should it expect to pay in refunds?

If the manufacturer sells 310 printers, how much should it expect to pay in refunds?

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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The lifetime of a printer costing $170 is exponentially distributed with mean 3.4 years. The manufacturer agrees to pay a full refund to a buyer if the printer fails during the first half year following its purchase and a one-half refund if it fails during the second half year. If the manufacturer sells 310 printers, how much should it expect to pay in refunds? $
Transcribed Image Text:The lifetime of a printer costing $170 is exponentially distributed with mean 3.4 years. The manufacturer agrees to pay a full refund to a buyer if the printer fails during the first half year following its purchase and a one-half refund if it fails during the second half year. If the manufacturer sells 310 printers, how much should it expect to pay in refunds? $
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