The life, in years, of a certain type of electrical switch has an exponential distribution with an average life β = 2. If 100 of these switches are installed in different systems, what is the probability that at most 30 fail during the first year?

Asales representative from a local radio station is trying to convince the owner of a small fitness club to advertise on her station. the representative says that if the owner begins advertising on the station today, the club's total number of members will grow exponentially each month. she uses the given expression to model the number of club members, in hundreds, after advertising for t months.