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Question: A widget manufacturer is attempting to determine a reasonable warranty period. Testing has shown that the widgets have an expected life of 30 months, distributed exponentially.

a. If the warranty is for the expected life of the widget, what percentage would be expected to fail?

b. What warranty period would correspond to a failure rate of 10%?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92738977

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