Module 7 Problem Set Score: 9.58/15 8/15 answered . Question 11

Module 7 Problem Set Score: 9.58/15 8/15 answered Question 11 The lifetime of a printer costing 5200 is exponentially distributed with mean 3.38 years. The manufacturer agrees to pay a full refund to a buyer if the printer fails during the first half year following its purchase and a one-half refund if it fails during the second half year. If the manufacturer sells 320 printers, how much should it expect to pay in refunds? Question Help: Message instructor Submit Question