Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company knows that replacement times for the quartz time pieces it produces are Normally distributed with a mean of 12 years and a standard

A company knows that replacement times for the quartz time pieces it produces are Normally distributed with a mean of 12 years and a standard deviation of 2.3 years.

Find the proportion of a randomly selected quartz time pieces that will have a replacement time less than 6.7 years?

P(X< 6.7 years) =

Enter your answer accurate to 4 decimal places. Answers obtained using exactz-scores orz-scores rounded to 3 decimal places are accepted.

If the company wants to provide a warranty so that only 3.8% of the quartz time pieces will be replaced before the warranty expires, what is the time length of the warranty?

warranty =years

Enter your answer as a number accurate to 1 decimal place. Answers obtained using exactz-scores orz-scores rounded to 3 decimal places are accepted.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

Students also viewed these Mathematics questions

Question

1. Which is the most abundant gas presented in the atmosphere?

Answered: 1 week ago