On average, a certain kind of kitchen appliance requires repairs once every four years. Assume that the times between repairs are exponentially distributed. What is the probabiilty that the appliance will work no more than three years without requiring repairs?

Desmond wants to sell his car that he paid $8,000 for 2 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 2-year period. if x represents the monthly depreciation amount, which expression shows how much desmond can sell his car for today? \ 8,000 + 24x 8,000 - 24x 8,000 + 2x 8,000 - 2x