A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 60 months. Assume product life can be described by an exponential distribution. m/ MIMRE MTBF m/ M mRE -T / MTBF / MTBF m

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A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce
shortly. The manager of product testing has indicated that the calculators have an expected life of 60 months. Assume product life can
be described by an exponential distribution.
T / MTBF
-T / MTBF
T| MTBF
-т / МТВF
T| MTBF
-т / МТВF
0.10
0.9048
2.60
0.0743
5.10
0.0061
0.20
0.8187
2.70
0.0672
5.20
0.0055
0.30
0.7408
2.80
0.0608
5.30
0.0050
0.40
0.6703
2.90
0.0550
5.40
0.0045
0.50
0.6065
3.00
0.0498
5.50
0.0041
0.60
0.5488
3.10
0.0450
5.60
0.0037
0.70
0.4966
3.20
0.0408
5.70
0.0033
0.80
0.4493
3.30
0.0369
5.80
0.0030
0.90
0.4066
3.40
0.0334
5.90
0.0027
1.00
0.3679
3.50
0.0302
6.00
0.0025
1.10
0.3329
3.60
0.0273
6.10
0.0022
1.20
0.3012
3.70
0.0247
6.20
0.0020
1.30
0.2725
3.80
0.0224
6.30
0.0018
1.40
0.2466
3.90
0.0202
6.40
0.0017
1.50
0.2231
4.00
0.0183
6.50
0.0015
1.60
0.2019
4.10
0.0166
6.60
0.0014
1.70
0.1827
4.20
0.0150
6.70
0.0012
1.80
0.1653
4.30
0.0136
6.80
0.0011
1.90
0.1496
4.40
0.0123
6.90
0.0010
2.00
0.1353
4.50
0.0111
7.00
0.0009
2.10
0.1255
4.60
0.0101
2.20
0.1108
4.70
0.0091
2.30
0.1003
4.80
0.0082
2.40
0.0907
4.90
0.0074
2.50
0.0821
5.00
0.0067
a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during
the service period? (Round your answer to 4 decimal places.)
1-e-T/MTBF
Transcribed Image Text:A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 60 months. Assume product life can be described by an exponential distribution. T / MTBF -T / MTBF T| MTBF -т / МТВF T| MTBF -т / МТВF 0.10 0.9048 2.60 0.0743 5.10 0.0061 0.20 0.8187 2.70 0.0672 5.20 0.0055 0.30 0.7408 2.80 0.0608 5.30 0.0050 0.40 0.6703 2.90 0.0550 5.40 0.0045 0.50 0.6065 3.00 0.0498 5.50 0.0041 0.60 0.5488 3.10 0.0450 5.60 0.0037 0.70 0.4966 3.20 0.0408 5.70 0.0033 0.80 0.4493 3.30 0.0369 5.80 0.0030 0.90 0.4066 3.40 0.0334 5.90 0.0027 1.00 0.3679 3.50 0.0302 6.00 0.0025 1.10 0.3329 3.60 0.0273 6.10 0.0022 1.20 0.3012 3.70 0.0247 6.20 0.0020 1.30 0.2725 3.80 0.0224 6.30 0.0018 1.40 0.2466 3.90 0.0202 6.40 0.0017 1.50 0.2231 4.00 0.0183 6.50 0.0015 1.60 0.2019 4.10 0.0166 6.60 0.0014 1.70 0.1827 4.20 0.0150 6.70 0.0012 1.80 0.1653 4.30 0.0136 6.80 0.0011 1.90 0.1496 4.40 0.0123 6.90 0.0010 2.00 0.1353 4.50 0.0111 7.00 0.0009 2.10 0.1255 4.60 0.0101 2.20 0.1108 4.70 0.0091 2.30 0.1003 4.80 0.0082 2.40 0.0907 4.90 0.0074 2.50 0.0821 5.00 0.0067 a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period? (Round your answer to 4 decimal places.) 1-e-T/MTBF
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Calculate the percentage of sold product that would be expected to fail is calculated using the following formula:
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