(All Steps) In an electrical system a certain component is inevitable and must be replaced immediately upon failure. The lifetime of that component has
Question: In an electrical system a certain component is inevitable and must be replaced immediately upon failure. The lifetime of that component has \(\exp (3)\) (in months) distribution.
- Use the CLT to approximate the probability that 120 components are sufficient for 3 years.
- Use the CLT to approximate the minimum number of components the authority need to store to make sure that the system runs for 4 years with a guarantee of \(95 \%\).
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