A certain type of transistor has an exponentially distributed time of operation. After testing 400 transistors, it is observed that after one time unit, only 109 transistors are working.
Estimate the expected time of operation.
The Attempt at a Solution
It was suggested that I approximate with
X ≈ Bin(400,p)
Then conclude that p can be estimated with p* = 109/401 = e-1/μ
That part I don't get is: why is p = e-1/μ ?