Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery

Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of46.8months and a standard deviation of8.7months.

(a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.)

(b) If Quick Start does not want to make refunds for more than14%of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)?

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

Beginning Algebra A Text/Workbook

Authors: Charles P McKeague

2nd Edition

1483271242, 9781483271248

More Books

Students also viewed these Mathematics questions

Question

Describe the new structures for the HRM function. page 676

Answered: 1 week ago