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QUESTION 30 The manufacturer of a certain eiectronic component claims that they are designed to Iastjust slightly more than 4 years because they believe that

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QUESTION 30 The manufacturer of a certain eiectronic component claims that they are designed to Iastjust slightly more than 4 years because they believe that customers typically replace their device before then. Based on information provided by the company, the components should last a mean of 4.24 years with a standard deviation of 0.46 years. For this scenario, assume the lifespans of this component follow a normal distribution. Use this scenario for problems 9 - 13. 12. The company is not satised with how many returns they are processing, and accountants in the company are recommending that they change the warranty period. The accountants suggest basing the period of the warranty on making sure. in the long run, only about 5% of customers will return the component. What amount of time corresponds to the shortest 5% of lifespans for this component? Round your answer to one decimal place. (W

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