The average lifetime of a certain new cell phone is 4 years. The manufacturer will replace any cell phone failing within 3 years of the date of purchase. The lifetime of these cell phones is known to follow an exponential distribution. What is the decay rate? (Enter your answer as a fraction.)
The average lifetime of a certain new cell phone is 4 years. The manufacturer will replace any cell phone failing within 3 years of the date of purchase. The lifetime of these cell phones is known to follow an exponential distribution. What is the decay rate? (Enter your answer as a fraction.)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 6SC
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The average lifetime of a certain new cell phone is 4 years. The manufacturer will replace any cell phone failing within 3 years of the date of purchase. The lifetime of these cell phones is known to follow an exponential distribution.
What is the decay rate? (Enter your answer as a fraction.)
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