The time (in minutes) needed to repair a machine may be modelled by a random variable having the exponential distribution with a mean of 60 (minutes). Last year, there were 100 independent machine breakdowns. Let T denote the mean (average) repair time of the 100 machine breakdowns. a) What is the variance of T? Answer: [Select] b) What is the probability that T is not longer than 30 minutes? That is, compute P(T ≤ 30). Answer: [Select]

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The time (in minutes) needed to repair a machine may be modelled by a random variable having the exponential distribution with a mean of 60 (minutes). Last year, there were 100 independent machine breakdowns. Let
T denote the mean (average) repair time of the 100 machine breakdowns.
(a) What is the variance of T?
Answer:
[Select]
(b) What is the probability that T is not longer than 30 minutes? That is, compute P(T≤ 30).
Answer: [Select]
Transcribed Image Text:The time (in minutes) needed to repair a machine may be modelled by a random variable having the exponential distribution with a mean of 60 (minutes). Last year, there were 100 independent machine breakdowns. Let T denote the mean (average) repair time of the 100 machine breakdowns. (a) What is the variance of T? Answer: [Select] (b) What is the probability that T is not longer than 30 minutes? That is, compute P(T≤ 30). Answer: [Select]
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