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(All Steps) 2-29 A manufacturer of electronic calculations offers a one-year warranty. If the calculators fail for any reason during this period, it is

Question: 2-29 A manufacturer of electronic calculations offers a one-year warranty. If the calculators fail for any reason during this period, it is replaced. The time to failure is well modeled by the following probability distribution:

\[f\left( x \right)=0.125{{e}^{-0.125x}}\] , x >0
  1. What percentage of the calculations will fail within the warranty period?
  2. The manufacturing cost of a calculator is $50, and the profit per sale is $25. What is the effect of warranty replacement on profit?

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


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