A company buys 100 lightbulbs, each of which has an exponential lifetime of 1000 hours. What is the expected time for the first of these bulbs to burn out? For this, I divided 1000/100 to get 10 hours, is this correct?
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Hint: use that if $X_i\sim$ Exp$(\lambda_i)$ then $\min X_i\sim$ Exp$(\sum\lambda_i)$
You can google the proof, for example here or here
Then you have $\lambda_i=\frac{1}{1000}$, $\sum\lambda_i=\frac{1}{10}$, and the expected lifetime of the first burnt bulb is 10 hours. So your answer is correct.
Momo
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Then $\min X_i \sim$ Exp$(\lambda)$, with $\lambda=\lambda_1+...+\lambda_{100}=\frac{100}{1000}=\frac{1}{10}$.
Lastly, $E[\min X_i]=\frac{1}{\lambda}=\frac{1}{1/10}=10$
– Momo Aug 08 '17 at 02:07