Determine reasonable free-service period

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A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 30 months. Assume product life can be described by an exponential distribution.

What percentage of calculators sold would be expected to fail within 15 weeks?

What service period would result in a failure rate of approximately 90 percent?

Reference no: EM132295187

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