Probability Calculations: Show your work including the equations and the names of any distributions used.
Suppose that the mean time between failures (MTBF) for a given system component is 30 days and that the probability of failure has a constant rate and is characterized by an exponential distribution function. What is the probability that the component will work for less than 60 days?
This question belongs to MATLAB software and discusses about application of MATLAB to probability calculations.
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