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MBA,PHD, Juris Doctor
Strayer,Devery,Harvard University
Mar-1995 - Mar-2002
Manager Planning
WalMart
Mar-2001 - Feb-2009
Questions 15 - 17 refer to the following: 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 15. The decay rate is A. 0.3333 B. 0.5000 C. 2.0000 D. 3.0000 EXERCISE 16 16. What is the probability that a phone will fail within 2 years of the data of purchase? A. 0.8647 B. 0.4866 C. 0.2212 D. 0.9997Â
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