8) The average life (in years) of an electronic watch follows an exponential distribution with parameter - Find 2 a lower bound on the probability
8) The average life (in years) of an electronic watch follows an exponential distribution with parameter - Find 2 a lower bound on the probability that the mean life of a random sample of 50 such watches falls between 1 and 3 years. Enter your answer correct to two decimals. Hint: Use weak law of large numbers
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