Answer:
(a)
(i) The probability that a bulb fails within the first 500 hours is 0.3935.
(ii) The probability that a bulb burns for more than 700 hours is 0.4966.
(b) The median lifetime of the lightbulbs is 693.15 hours.
Step-by-step explanation:
Let <em>X</em> = lifetime of a type of lightbulb.
The random variable <em>X</em> is Exponentially distributed with mean lifetime of, <em>μ</em> = 1000 hours.
The probability density function of <em>X</em> is:

The value of <em>λ</em> is:

(i)
Compute the probability that a bulb fails within the first 500 hours as follows:





Thus, the probability that a bulb fails within the first 500 hours is 0.3935.
(ii)
Compute the probability that a bulb burns for more than 700 hours as follows:





Thus, the probability that a bulb burns for more than 700 hours is 0.4966.
(b)
The median of an exponentially distributed random variable is:

Compute the median lifetime of the lightbulbs as follows:



Thus, the median lifetime of the lightbulbs is 693.15 hours.