b) The life of an electronic device is known to have the exponential distribution
with parameter = 1
1000 .
(i) What is the probability that the device lasts more than 1000 hours?
[2 marks]
(ii) What is the probability it will last less than 1200 hours?
[2 marks]
(iii) Find the mean and variance of the life of the electronic device.
[4 marks]
Let "X=" the life of an electronic device: "X\\sim Po(\\lambda)."
Given "\\lambda=1000."
For sufficiently large values of "\u03bb," (say "\u03bb>1,000" ), the "Normal(\u03bc = \u03bb,\u03c3^2 = \u03bb)" Distribution is an excellent approximation to the Poisson"(\u03bb)" Distribution.
(i)
"\\approx1-P(Z\\leq\\dfrac{1000+0.5-1000}{\\sqrt{1000}})"
"\\approx1-P(Z\\leq 0.01581139)\\approx0.49369243"
(ii)
"\\approx P(Z<6.30874393)"
"\\approx0.99999999986\\approx1"
(iii)
"Var(X)=\\sigma^2=\\lambda=1000"
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