Independent solution

How to solve this Exponential Distribution question

Setup

Setup

Convert the 50-day failure probability into the exponential survival probability at 50 days.

e50λ=10.30=0.70e^{-50\lambda}=1-0.30=0.70

Model

Model

Exponential survival scales by elapsed time, so raise the 50-day survival probability to the time ratio 80/50.

e80λ=(e50λ)80/50=0.701.6e^{-80\lambda}=(e^{-50\lambda})^{80/50}=0.70^{1.6}

Compute

Compute

The 80-day survival probability is 0.70 to the power 1.6; taking its complement gives failure probability 0.434859.

Pr(T80)=10.701.6=0.434859\Pr(T\le80)=1-0.70^{1.6}=0.434859

Answer

Answer

The probability of failure by 80 days rounds to 0.43, corresponding to choice C.

0.43(C)\boxed{0.43\quad\text{(C)}}