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We are trying to determine how long of an extended warranty to offer after the expiration of our one year's manufacturer's warranty. We have
We are trying to determine how long of an extended warranty to offer after the expiration of our one year's manufacturer's warranty. We have tested our new super sonic fan and have determined it has an expected life that s exponential with a mean of five years and no burn-in phase. What is the probability that one of these super sonic fans will have a life that ends: a. After the initial five years of service b. Not before 7 years of service
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