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The reliability of a new model of CD player can be described by the exponential function R(t) = 2.7-(1/3) t, where the reliability R is the probability (as a decimal) that the CD player is still working t years after it is manufactured. Round the answer to the nearest hundredth. Then write your answer as a percent.
-What is the probability that the CD player will still work 5 years after it is manufactured?
Production Facility
A place equipped for industrial production of goods or extraction of natural resources.
Negotiable
Refers to the quality of a document or instrument that allows it to be transferred or endorsed to another party, thus enabling the recipient to claim the rights specified in the document.
Authorized Agent
An individual or entity that has been given legal authorization to act on behalf of another person or entity in conducting business or legal affairs.
Drawer
The party that initiates a draft (writes a check, for example), thereby ordering the drawee to pay.
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