danesh
Full Member level 3
Can any one help to solve:
The time to failure of a certain product is a continuous random variable with probability density functiongiven in attchment)
Where t is time to failure in years
The manufacturer of that product is considering to offer a warranty; however they are willing to replace only 1% of all the products they sell. How long a warranty period should they offer?
The time to failure of a certain product is a continuous random variable with probability density functiongiven in attchment)
Where t is time to failure in years
The manufacturer of that product is considering to offer a warranty; however they are willing to replace only 1% of all the products they sell. How long a warranty period should they offer?