How many years the manufacturer give a replacement guarantee, Basic Statistics

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How many years the manufacturer give a replacement guarantee

Computing Probability value based on the normal distribution.

The mean lifetime of a TV by a certain manufacturer is 10.5 years with a standard deviation of 3 years. If the distribution is normal, for how many years should the manufacturer give a replacement guarantee, if the company does not want to replace more than 5% of the televisions?

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Basic Statistics: How many years the manufacturer give a replacement guarantee

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Basic Statistics: How many years the manufacturer give a replacement guarantee

Reference No:- TGS019735

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: How many years the manufacturer give a replacement guarantee

Reference No:- TGS019735

Recent Questions Asked Basic Statistics

Q : Determine the prospect that the project will be completed

Q : Find confidence interval for true population proportion

Q : Creating new segmented income statement

Q : Presume a normal distribution and a standard deviation

Q : How many years the manufacturer give a replacement guarantee

Q : Dps calculation and constant growth valuation

Q : Dps calculation and constant growth valuation

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