Compute the long-term rate of replacements

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Reference no: EM131375082

A particular component in a machine is replaced instantaneously on failure. The successive component lifetimes are uniformly distributed over the interval [1, 4] years. Further, planned replacements take place every 3 years. Compute

(i) long-term rate of replacements,

(ii) long-term rate of failures,

(iii) long-term rate of planned replacements.

Reference no: EM131375082

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