The life length x of an electronic component follows an exponential distribution. there are two processes by which the component may be manufactured. the expected life length of the component is 100hours. if process i is used to manufacture, while it is 150hours if process ii is used. the cost of manufacturing a single component by process i is rs.10 while it is rs.20 for process ii. moreover if the component lasts than the guaranteed life of 200hours, a loss of rs.50 is to be borne by the manufacturer. which process is advantageous to the manufacturer?
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