*8. A machine in use is replaced by a new machine either when it fails or when...
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*8. A machine in use is replaced by a new machine either when it fails or when it reaches the age of Ô years. If the lifetimes of successive machines are independent with a common distribution F having density / , show that
(a) the long-run rate at which machines are replaced equals
ô ç -é
(b) the long-run rate at which machines in use fail equals F(T)
\T 0xf(x)dx+ Til -F(T)]
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