**Suppose that the life-time of a certain printer follows an exponential distribution with mean 2 years. The manufacturer of this printer offers a 100% refund if the printer fails during the first year and 50% if it fails during the second year and none afterward.**a. Evaluate the probability of full refund. A. 0.05 B. 0.24 C. 0.39 D. 0.47 E. 0.52 b. Assume that each printer costs $100.00. Determine the expected refund for each sold printer. A. 46 B. 51 C. 54 D. 61 E. 66

From the given information we find the solution.

Answered: Suppose that the life-time of a certain…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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