The next three questions refer to the following information. The average lifetime of a certain new cell phone is 3 years. The manufacturer will replace any cell phone failing within 2 years of the date of purchase. The lifetime of these cell phones is known to follow an exponential distribution.
Exercise 15
The decay rate is
- A. 0.3333
- B. 0.5000
- C. 2.0000
- D. 3.0000
Solution
A
Exercise 16
What is the probability that a phone will fail within 2 years of the date of purchase?
- A. 0.8647
- B. 0.4866
- C. 0.2212
- d. 0.9997
Solution
B
Exercise 17
What is the median lifetime of these phones (in years)?
- A. 0.1941
- B. 1.3863
- C. 2.0794
- D. 5.5452
Solution
C
The next three questions refer to the following information. The Sky Train from the terminal to the rental car and long term parking center is supposed to arrive every 8 minutes. The waiting times for the train are known to follow a uniform distribution.
Exercise 18
What is the average waiting time (in minutes)?
- A. 0.0000
- B. 2.0000
- C. 3.0000
- D. 4.0000
Solution
D
Exercise 19
Find the 30th percentile for the waiting times (in minutes).
- A. 2.0000
- B. 2.4000
- C. 2.750
- D. 3.000
Solution
B
Exercise 20
The probability of waiting more than 7 minutes given a person has waited more than 4 minutes is?
- A. 0.1250
- B. 0.2500
- C. 0.5000
- D. 0.7500
Solution
B



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