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The life of an electric component has an exponential distribution with a mean of 10 years. What is the probability that a randomly selected one
The life of an electric component has an exponential distribution with a mean of 10 years. What is the probability that a randomly selected one such component has a life more than 7 years?
Please help with excel formula. Does this use a lambada and how do you find the lambada if so? Thank you.
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