Final answer:
To find the probability that both bulbs fail within 1500 hours, use the exponential distribution formula.
Step-by-step explanation:
To find the probability that both bulbs fail within 1500 hours, we can use the exponential distribution formula:
P(x < 1500) = 1 - e-λx
where λ is the decay parameter and x is the time in hours.
Since the mean (μ) of the exponential distribution is equal to 1600, we can calculate the decay parameter (λ) using the formula λ = 1/μ = 1/1600.
Substituting these values into the formula, we get:
P(x < 1500) = 1 - e-(1/1600)(1500)
Calculating this expression gives us the probability that both bulbs fail within 1500 hours.