Solved: Find probability of a randomly selected set, Basic Statistics

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Find probability of a randomly selected set

Discussion:

1. Replacement time for tv sets normally distributed with a mean of 8.2 years and a stan. dev. of 1.1 years. a) Find probability that a randomly selected set will have a replacement time less than 5.0 years

2. If you want to provide a warranty so that only 1% of the sets will be replaced before the warranty expires, what is the time length of the warranty?

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Basic Statistics: Find probability of a randomly selected set

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