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An organization purchases 10 computers from a manufacturer with lifetimes modeled as exponential variables (mean of 5 years). What is the probability that at least 6 computers are functioning beyond 6 years
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A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
An organization purchases 10 computers from a manufacturer with lifetimes modeled as exponential var...
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