A Major Producer of Incandescent Light Bulbs Wishes to Model

question 34

Multiple Choice

A major producer of incandescent light bulbs wishes to model the amount of time incandescent bulbs manufactured at a specific plant will last.The company uses an exponential random variable to model bulb life.If random variable X, which represents the lifetime of these incandescent bulbs, is exponentially distributed with λ = 0.0012 (corresponding to measurements in hours) , what is the modeled mean lifetime of these bulbs?

• A) 1200 hours
• B) 833.3 hours
• C) 694,444 hours
• D) 921.2 hours

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Definitions:

Reminder Advertising

Advertising aimed at reminding consumers about a product or service or to maintain awareness of a well-established brand.

Persuasive Advertising

A marketing strategy intended to convince or influence audiences to take some action or sway their beliefs, typically to purchase a product or service.

Point-Of-Purchase

A marketing term that describes a strategic placement of products or advertising materials in retail stores to influence consumers' buying decisions at the time they are making a purchase.

Push Strategy

A marketing approach where a product is pushed through the distribution channel from producer to the end consumer.