Answer:
(a) less than 1 year =0.751488
(b) more than 2 years but less than 4 years = 0.2458
(c) at least 5 years= 0.760331
Step-by-step explanation:
f(t) = 1 λ e−t/λ, [0, [infinity])
First we calculate the probability for an exponential random variable X with parameter λ
P (X= t) = ∫ 1 λ e−t/λ, dt
P (x=t) = e−t/λ,
λ = 3.5
Now P (X< 1 ) = ∫ 1 λ e−t/λ, dt [the limits are (-∞ to 1)]
= e−1/3.5= 0.751488
P ( 2<X< 4 ) = ∫ 1 λ e−t/λ, dt [ the limits are (2 to 4)]
=e−2/3.5- e−4/3.5
= e-0.57142-e-1.142857
= 0.5647-0.31890
= 0.2458
P (at least 5) = 1- P (x=5)
= 1-∫ 1 λ e−t/λ, dt [ the limits are (∞ to 5)]
= 1- e−5/3.5
= 1 - e-1.4285
= 1-0.239
= 0.760331