Math Problem Statement
The time in days between breakdowns of a machine is exponentially distributed with the parameter lambda = 0.2 What is the expected time and standard deviation of the time between machine breakdowns?
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Exponential Distribution
Expected Value
Standard Deviation
Formulas
E(X) = 1 / λ
σ = 1 / λ
Theorems
Properties of the Exponential Distribution
Suitable Grade Level
Grades 11-12
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