The tifetime of xponentially uted with mean 3.08 years. The man turer agrees to pay a full refund to a buyer if the printer fails during the first half year following its purchase and a one-half refund if it fails during the second half year. If the manufacturer sells 370 printers, how much should it expect to pay in refunds? $

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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The lifetime of a printer costing $180 is exponentially distributed with mean 3.08 years. The manufacturer
agrees to pay a full refund to a buyer if the printer fails during the first half year following its purchase and
a one-half refund if it fails during the second half year.
If the manufacturer sells 370 printers, how much should it expect to pay in refunds?
$
Transcribed Image Text:The lifetime of a printer costing $180 is exponentially distributed with mean 3.08 years. The manufacturer agrees to pay a full refund to a buyer if the printer fails during the first half year following its purchase and a one-half refund if it fails during the second half year. If the manufacturer sells 370 printers, how much should it expect to pay in refunds? $
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