Most Production Model Hybrid Cars Use a Large Battery as the Core

question 13

Multiple Choice

Most production model hybrid cars use a large battery as the core component of their power system.The battery lifetime of a particular hybrid are follows an exponential distribution with a mean lifetime of 8.62 years.What is the probability that one of these hybrid cars will have a battery that will last between 8 and 10 years?

• A) 0.3953
• B) 0.0819
• C) 0.6047
• D) 0.1160

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Definitions:

Marginal Revenue

The supplementary earnings obtained by selling an extra unit of a product or service.

Prices

The charge for acquiring a specific good or service.

Marginal Revenue

The revenue boost a firm experiences from the sale of an additional unit of a product or service.

Burritos

A Mexican dish consisting of a wheat flour tortilla rolled or folded around a filling, typically including beans, cheese, meat, and rice.