The probability will last longer than 2 years will be 3.3%.
Probability is defined as the ratio of the number of favorable outcomes to the total number of outcomes in other words the probability is the number that shows the happening of the event.
First let us calculate the z score using the formula:
[tex]z = \dfrac{(x- \mu)} { s}[/tex]
where x = 2, u is the mean = 3.1 years, and s is the standard deviation
[tex]z =\dfrac{ (2 - 3.1) }{ 0.6}[/tex]
z = -1.83
From the standard probability tables, the p-value at z = -1.83 is:
P = 0.033 = 3.3%
Therefore the probability that will last longer than 2 years will be 3.3%.
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