Average lifetime of a car, Basic Statistics

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Average lifetime of a car

Assume the average lifetime of a car is 20 years and the lifetime follows the exponential distribution

a.) What is the probability that the car lasts 26 years

b.) What is the probability that the car lasts 15 to 25 years

c.) What is the probability that 3 out of 5 cars last more than 12 years

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Basic Statistics: Average lifetime of a car

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Basic Statistics: Average lifetime of a car

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