Independent solution
How to solve this Exponential Distribution question
Answer in brief
The equipment remains operational only when both independent exponential components exceed the five-year threshold. Multiplying their survival probabilities gives 0.054114, which rounds to choice B.
Setup
Setup
Let P and S be the two component lifetimes. Convert their respective means of 3 and 4 years to exponential rates.
Model
Model
A series system survives the target duration precisely when both components survive it. Independence turns the joint survival probability into a product.
Compute
Compute
Insert the two exponential survival probabilities and combine their exponents.
Answer
Answer
The system survival probability is about 0.05 at the precision of the listed answers.