You run a business and are considering offering a new service. If you offer the new service, you expect it to generate $50,000 in profits each year for your business over the next two years. In order to offer the new service, you will need to take out a loan for new equipment. Assume a 6 percent annual interest rate. your loan must be less than $ in order for future benefits to exceed present costs.

The weibull distribution is widely used in statistical problems relating to aging of solid insulating materials subjected to aging and stress. use this distribution as a model for time (in hours) to failure of solid insulating specimens subjected to ac voltage. the values of the parameters depend on the voltage and temperature; suppose α = 2.5 and β = 190. (a) what is the probability that a specimen's lifetime is at most 250? less than 250? more than 300? (round your answers to four decimal places.) at most 250 less than 250 more than 300 (b) what is the probability that a specimen's lifetime is between 100 and 250? (round your answer to four decimal places.) (c) what value is such that exactly 50% of all specimens have lifetimes exceeding that value? (round your answer to three decimal places.) hr