Random Variablesmedium
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A company manufactures light bulbs whose lifespan, , in thousands of hours, follows an exponential distribution with a mean of 2 thousand hours. What is the probability that a randomly selected light bulb lasts longer than 3 thousand hours?
A company manufactures light bulbs whose lifespan, , in thousands of hours, follows an exponential distribution with a mean of 2 thousand hours. What is the probability that a randomly selected light bulb lasts longer than 3 thousand hours?