Independent solution
How to solve this Exponential Distribution question
Setup
Setup
Let each successive lifetime be an independent exponential variable with mean 1000. The requested time is their five-term sum.
Model
Model
Independence makes the variance of the sum equal to the sum of the five component variances.
Compute
Compute
Add the variances and then take one square root because the question asks for standard deviation.
Answer
Answer
The standard deviation rounds to 2236 hours.