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Please give the code for this problem in python 4. The average life of a certain type of small motor was estimated to be 10
Please give the code for this problem in python
4. The average life of a certain type of small motor was estimated to be 10 years with a standard deviation of 2 years. The manufacturer of the motor wants to issue a policy that will replace all motors that fail while under guarantee free of cost. If the company has budget to replace only 3% of all the motors that fail, how long a guarantee (in years) should they offer? You may assume that the lives of the motors are normally distributedStep by Step Solution
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