The corrosion rate in a piping system is modelled as an exponential random variable, Y, with...
The corrosion rate in a piping system is modelled as an exponential random variable, Y, with a mean of 5% wall thickness loss per year. A percentage value of the wall thickness means the percentage of the original wall thickness of the pipe. The original wall thickness of pipe is The pipe must be replaced as soon as the wall thickness loss exceeds 60% of the original thickness. (1) What is the probability that a pipe section will survive a 5 year operating interval? (2) In a population of 100 pipes, how many are expected to be replaced after 6 years of operation?