The Lifetime of a Stereo Component Is Exponentially Distributed with Mean

question 68

Multiple Choice

The lifetime of a stereo component is exponentially distributed with mean 1,000 days.What is the probability that the lifetime exceeds 1,000 days?

• A).6321
• B).5000
• C).3679
• D)1.000

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Definitions:

Shipment Contract

An agreement in which the seller is obligated to send goods to a buyer, but the risk of loss passes to the buyer when the goods are delivered to the carrier.

Title Passes

The point at which ownership of property is transferred from one party to another according to the terms of a contract.

Goods Arrive

The event or process where purchased or ordered products reach their destination or the buyer's location.

Fungible Goods

Goods of which any unit is identical from another and can be substituted, such as grains, fuels, or money.