Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MY NOTES ASK YOUR TEACHER 17. 1-/2.77 Points! DETAILS BOUNDERSTAT126.3.030 MI. Acme bemandeturer of crystal watches Accome researchers have shown that the watches have an

image text in transcribed
image text in transcribed
MY NOTES ASK YOUR TEACHER 17. 1-/2.77 Points! DETAILS BOUNDERSTAT126.3.030 MI. Acme bemandeturer of crystal watches Accome researchers have shown that the watches have an average life of 36 months before certain electronic components deteriorate, causing the watch to become the dard deviation of watch times is months, and the distribution of times mormal (a) Arme sau refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Hound your answer to two decimal he does not want to make refunds on more than of the watches it makes, how long should the guarantee period be to the nearest month)? Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 3 months before certain electronic components deteriorate, causing the watch to become eliable. The standard deviation of watch fetimes is 4 months, and the distribution of fetimes is normal (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace(Round your answer to two decal (b) of Accrtime does not want to make refunds on more than 12% of the watches it makes, how long should the guarantee period be to the nearest month? months

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

Wiley CPAexcel Exam Review 2016 Study Guide January Auditing And Attestation

Authors: O. Ray Whittington

1st Edition

1119119960, 978-1119119968

More Books

Students also viewed these Accounting questions