Exercise 9. Suppose that the lifespan (in years) of a water heater is modeled as Y~ Expon(mean %D (a) Given that the unit is working at 3 years, compute the chances it will fail in the next year. (b) Given that the unit is working at 18 years, compute the chances it will fail in the next year. (c) Comment on the reasonableness of this Exponential model.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Exercise 9. Suppose that the lifespan (in years) of a water heater is modeled as Y - Expon(mean =
8).
(a) Given that the unit is working at 3 years, compute the chances it will fail in the next year.
(b) Given that the unit is working at 18 years, compute the chances it will fail in the next year.
(c) Comment on the reasonableness of this Exponential model.
Transcribed Image Text:Exercise 9. Suppose that the lifespan (in years) of a water heater is modeled as Y - Expon(mean = 8). (a) Given that the unit is working at 3 years, compute the chances it will fail in the next year. (b) Given that the unit is working at 18 years, compute the chances it will fail in the next year. (c) Comment on the reasonableness of this Exponential model.
Expert Solution
Step 1

Exponential  model is memory less model so what happened in the past does not matter

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman