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The lifetime of batteries is Exponential with mean 6. Batteries are sold for $100 each. If a battery lasts less than 2 years, the manufacturer will pay the purchaser the pro rata share of the purchase price. For example if the battery lasts only 1.5 years, the manufacturer will pay the purchaser (100)(2 – 1.5)/2 = 25. What is the expected amount paid by the manufacturer per battery sold? %D

The lifetime of batteries is Exponential with mean 6. Batteries are sold for $100 each. If a battery lasts less than 2 years, the manufacturer will pay the purchaser the pro rata share of the purchase price. For example if the battery lasts only 1.5 years, the manufacturer will pay the purchaser (100)(2 – 1.5)/2 = 25. What is the expected amount paid by the manufacturer per battery sold? %D

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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The lifetime of batteries is Exponential with mean 6. Batteries are sold for $100 each. If a battery lasts less than 2 years, the manufacturer will pay the purchaser the pro rata share of the purchase price. For example if the battery lasts only 1.5 years, the manufacturer will pay the purchaser (100)(2 – 1.5)/2 = 25. What is the expected amount paid by the manufacturer per battery sold?
Transcribed Image Text:The lifetime of batteries is Exponential with mean 6. Batteries are sold for $100 each. If a battery lasts less than 2 years, the manufacturer will pay the purchaser the pro rata share of the purchase price. For example if the battery lasts only 1.5 years, the manufacturer will pay the purchaser (100)(2 – 1.5)/2 = 25. What is the expected amount paid by the manufacturer per battery sold?
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