Question
Bright Electronics is a manufacturer of television sets with a mean life of 9 years and a standard deviation of 2 years. The company will
Bright Electronics is a manufacturer of television sets with a mean life of 9 years and a standard deviation of 2 years. The company will replace a television if it fails before 5 years.
The company sold 7,000 television sets. Assuming that the television sales follow a normal distribution, solve the following with managerial implications:
1. Expected television sets to be replaced?
2. Proportion of the television sets will have a life between 11 to 13 years?
3. Proportion of the television sets will have a life of less than 7 years?
4. If a television set needs to be in the top 3% of the performance, what should be the life of the television?
5. If the company decides to replace only 1% of the television sets, what should be the minimum life of the television?
6. Proportion of the television sets with life between 9 years and 12 years?
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