The number of years a radio functions is exponentially distr
The number of years a radio functions is exponentially distributed with parameter lambda = 1/8. If Jones buys a used radio, what is the probability that it will be working after an additional 8 years?
Solution
X - No of years a radio functions
X is exponential with lemda = 1/8
Prob that it will be working after an additional 8 years
= P(X>8)
= 1-P(X<8)
= 1-e-8/8
= 0.6321
