repairs has an exponential distribution with mean 20 months. a) Find, to 3 significant figures, the probability that a television set hired out by the company will not require a major repair for at least two year period.

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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Television sets are hired out by a rental company. The time ? in months between 
major repairs has an exponential distribution with mean 20 months.
a) Find, to 3 significant figures, the probability that a television set hired out by 
the company will not require a major repair for at least two year period.

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