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Company XYZ know that replacement times for the quartz time pieces it produces are normally distributed with a mean of 16.4 years and a standard
Company XYZ know that replacement times for the quartz time pieces it produces are normally distributed with a mean of 16.4 years and a standard deviation of 1.3 years.
If the company wants to provide a warranty so that only 0.5% 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.
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