Math Problem Statement
The average lifetime of a certain new cell phone is 3.4 years. The manufacturer will replace any cell phone failing within three years of the date of purchase. The lifetime of these cell phones is known to follow an exponential distribution. 68% of these phone last how long (in years)?
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Distribution
Formulas
Exponential distribution: f(x) = \lambda e^{-\lambda x}
Theorems
-
Suitable Grade Level
Advanced High School
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