Question

the average lifetime of a certain new cell phone is three years. the manufacturer will replace any cell phone failing within two years of the date of purchase. the lifetime of these cell phones is known to follow an exponential distribution. the decay rate is:

Answer 1

The decay rate of a certain new cell phone is 0.333

For given question,

The average lifetime of a certain new cell phone is three years.

The manufacturer will replace any cell phone failing within two years of the date of purchase.

Also, the lifetime of these cell phones is known to follow an exponential distribution.

We need to find the decay rate.

We know that an exponential decay is the process of reducing an amount by a consistent percentage rate over a period of time.

since the average lifetime of a certain new cell phone is three years, the decay rate would be 1/3 = 0.333

Therefore, the decay rate of a certain new cell phone is 0.333

Learn more about the decay rate here:

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