Excel-word file
Budget: $10 – $30 USD
Suppose that a phone battery has a random lifetime which is exponentially distributed with mean 4 years. Simulate the lifetime of 15,000 batteries and find the average of those with a lifetime of more than 6 years. Use excel for your calculations and submit the excel file.
Moreover, make a research about the memoryless property of exponential distribution, and relate your excel calculations with your research findings. This will be submitted a a word file, 1-2 pages.
Moreover, make a research about the memoryless property of exponential distribution, and relate your excel calculations with your research findings. This will be submitted a a word file, 1-2 pages.