Question
The battery company is working on an experimental model which would offer a lower mean lifespan but a tighter lifespan distribution.The mean of lifespan of
The battery company is working on an experimental model which would offer a lower mean lifespan but a tighter lifespan distribution.The mean of lifespan of this battery would be only 70 months with a standard deviation of just 15 months.The CEO gave an experimental unit to a fellow antique car enthusiast to install in his 1966 Lincoln Continental convertible.With an automatically retracting top these cars are considered among the most mechanically complex (and electrically demanding) vehicles ever produced.Consequently, they are extraordinarily difficult for collectors today to maintain.The experimental battery was installed in the Lincoln on February 14, 2020.The CEO has a friendly bet with his fellow car collector that the battery will still be working well in the Lincoln on January 1, 2025.Based on this information what do you estimate is the likelihood the CEO will win his bet?(5 pts.)
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