In: Statistics and Probability
A critical component on a submarine has an operating lifetime that is exponentially distributed with mean 0.50 years. As soon as a component fails, it is replaced by a new one having statistically identical properties. What is the smallest number of spare components that the submarine should stock if it is leaving for a one-year tour and wishes the probability of having an inoperable unit caused by failures exceeding the spare inventory to be less than 0.02?
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Answer:-
Given that:-
A critical component on a submarine has an operating lifetime that is exponentially distributed with mean 0.50 years. As soon as a component fails, it is replaced by a new one having statistically identical properties.
What is the smallest number of spare components that the submarine should stock if it is leaving for a one-year tour and wishes the probability of having an inoperable unit caused by failures exceeding the spare inventory to be less than 0.02?
Mean = 0.50
Let X(t) be the no .of spare components that the submarine has been used up to time t, and X(t) is a poisson process.
The probability that an inoperable exceeding the spare inventory to be less.than 0.02
Can be determine by
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So, the smallest n value i 5.