Time between failures for an industrial machine
The time between failures for an industrial machine is exponentially distributed with a mean of 37 days. What is the probability that a failure occurs in the next 30 days?
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The time between failures for the industrial machine is exponentially distributed with mean of 37 days. Determine the probability that it will be 65 days or longer before the machine breaks down?
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The manufacturer's warranty for watch is 1 year (12 months). Suppose normal distribution. What is the probability watch will function for 25 months or longer?
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