A battery producer invents a new product. The life of the new battery is found to follow
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A battery producer invents a new product. The life of the new battery is found to follow a normal distribution with a mean of 72 months and a standard deviation of 12 months. The producer guarantees that the new battery will last longer than 60 months or the full price will be refunded. Last year the producer sold one million batteries, how many refunds will be claimed?
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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