An Appliance Comes with an Unconditional Money Back Guarantee for Its

question 46

Short Answer

An appliance comes with an unconditional money back guarantee for its first 6 months. It has been found that the time before the appliance experiences some sort of malfunction is an exponential random variable with mean 2 years. What percentage of appliances will malfunction during the warranty period? Enter your answer as just a ± $\mathrm { e } ^ { \mathrm { b } }$ , where a is an integer and b is a real number to two decimal places. (no units).

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Definitions:

False Information

Incorrect or misleading data presented as fact, which can have legal consequences if used for deceit.

Recklessly

Acting with a disregard for the safety of others, knowing there is a significant and unjustifiable risk but proceeding anyway.

American Trucking Company

This term refers to any company operating within the United States that is engaged in the business of transporting goods via trucks, though it may not denote any specific entity.

Injured

Refers to a person or entity that has suffered harm or loss, whether physically, financially, or emotionally, often used in legal contexts.