Total number of thousands of miles


Michael figures that the total number of thousands of miles that a employed car can be driven before it would need to be junked is an exponential random variable with parameter 1/20. Robby has a used car that he claims has been driven only 10,000 miles. If Michael purchases the car, what is the probability that he will get at least 20,000 additional miles out of it?

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Basic Statistics: Total number of thousands of miles
Reference No:- TGS0872094

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