The average lifetime of a certain new cell phone is three years. The manufacturer will replace any cell phone failing within two years of the date of purchase. The lifetime of these cell phones is known to follow an exponential distribution. What is the probability that a phone will fail within two years of the date of purchase? a. 0.8647 b. 0.4866 c. 0.2212 d. 0.9997
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Step 1
Given that the average lifetime (mean) of the cell phone is 3 years, we have mu = 3. The rate parameter lambda is calculated as lambda = 1 / mu. Therefore, lambda = 1 / 3 = 1/3. Show more…
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