Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BIG Corporation produces just about everything but is currently interested in the lifetimes of its batteries, hoping to obtain its share of a market boosted

BIG Corporation produces just about everything but is currently interested in the lifetimes of its batteries, hoping to obtain its share of a market boosted by the popularity of portable CD and MP3 players. To investigate its new line of Ultra batteries, BIG randomly selects1000

Ultra batteries and finds that they have a mean lifetime of823 hours, with a standard deviation of92

hours. Suppose that this mean and standard deviation apply to the population of all Ultra batteries. Complete the following statements about the distribution of lifetimes of all Ultra batteries.

(a) According to Chebyshev's theorem, at least? 36%, 56%, 75%, 84%, 89% of the lifetimes lie between639 hours and1007 hours.

(b) According to Chebyshev's theorem, at least8/9 (about89%) of the lifetimes lie between hours and hours. (Round your answer to the nearest whole number.)

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

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions

Question

List the recommended steps for analyzing relationships.

Answered: 1 week ago