Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manufacturer calculates that the lifetime of laptop batteries is normally distributed with mean life of 28 months and a standard deviation of 7.5 months.
A manufacturer calculates that the lifetime of laptop batteries is normally distributed with mean life of 28 months and a standard deviation of 7.5 months. The manufacturer gives a 12-month guarantee on each battery. 1. Use appropriate notation to represent this specific normal distribution 2. What is the probability that a battery will last at least 28 months? 3. What is the probability that a battery will last more than 38 months? 4. What is the probability that a battery will last'less than 12 months? 5. The manufacturer makes 5000 batteries each month. According the normal distribution how many batteries are likely to be returned given the 12-month guarantee? 6. The company CFO thinks that the 12-month guarantee results in too many returns. How should the manufacturer change the guarantee policy that less than 20 batteries will be returned (assume 5000 batteries will be produced monthly)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started