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Problem #3 An automobile engine manufacturer wishes to guarantee its product for a period equal to the life of the vehicle. The manufacturer assumes that

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Problem #3 An automobile engine manufacturer wishes to guarantee its product for a period equal to the life of the vehicle. The manufacturer assumes that the duration of its motors behaves normally with a mean of ten years and a standard deviation of 30 months. If the replacement cost per unit is $1,000 What can be the total replacement cost for the first four years, if 500 cars are sold per year

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