
Understanding Basic Statistics 6th Edition by Charles Henry Brase,Corrinne Pellillo Brase
Edition 6ISBN: 978-1111827021
Understanding Basic Statistics 6th Edition by Charles Henry Brase,Corrinne Pellillo Brase
Edition 6ISBN: 978-1111827021 Exercise 146
Guarantee: Batteries 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 of 45 months and a standard deviation of 8 months.
(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
(b) Inverse Normal Distribution If quick Start does not want to make refunds for more than 10% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)
(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
(b) Inverse Normal Distribution If quick Start does not want to make refunds for more than 10% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)
Explanation
Let x be a random variable that represen...
Understanding Basic Statistics 6th Edition by Charles Henry Brase,Corrinne Pellillo Brase
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