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StatisticsQ&A LibraryThe time to failure of a certain type fo electrical component is assumed to follow an exponential distribution with a mean of 4 years. The manufacturer replaces free all components that fail while under guarantee.What is the probability that a component will fail in 2 years?Question

Asked Feb 11, 2020

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The time to failure of a certain type fo electrical component is assumed to follow an exponential distribution with a mean of 4 years. The manufacturer replaces free all components that fail while under guarantee.

What is the probability that a component will fail in 2 years?

Step 1

Let *X* be the random variable that a component will fail within a particular time period

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