(Answered) A production system has two spares of a critical component

Economics

A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components (the operating one and the two spares) will last more than 6 months. Assume that the component lifetimes are exponentially distributed.

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Business Economics, Economics

Category:- Business Economics
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