You purchase a certain product. The manual states that the lifetime of the product, defined as the amount of time (in years) the product works properly until it breaks down, satisfies
For example, the probability that the product lasts more than (or equal to) years is . I purchase the product and use it for two years without any problems. What is the probability that it breaks down in the third year?
- Solution
Let be the event that a purchased product breaks down in the third year. Also, let be the event that a purchased product does not break down in the first two years. We are interested in . We have
.
We also have.
Finally, since , we have . Therefore,
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