Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the life of a street bulb follows an exponential distribution with a mean time of 3 years, the bulbs are replaced whenever they fail. Out
the life of a street bulb follows an exponential distribution with a mean time of 3 years, the bulbs are replaced whenever they fail. Out of the 1000 street bulbs in the city what is the probability that at most 250 of them will need to be replaced during the first year?
My approach is to first calculate the cdf for the exponetial distriution, and then use the the normal approx, using the facts that the mean of the random variable is u = np and sigma = sqrt(np*(1-p)). But I get the answear to 0.0099 which feels not right
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started