Length of its warranty to answer, Basic Statistics

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Length of its warranty to answer

The lifetimes of TVs produced by Company A are normally distributed with a mean of 75 months and tandard deviation of 8 months.

If company A desires to replace only 1% of its TVs, what should the length of the warranty be?

The company set length of its warranty to answer in (a). Now they want to enhance the reliability of its TV. How much they need to enhance the mean so that they will only replace 0.5% of their TVs given the same warranty?

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Basic Statistics: Length of its warranty to answer

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Basic Statistics: Length of its warranty to answer

Reference No:- TGS0872281

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Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Length of its warranty to answer

Reference No:- TGS0872281

Recent Questions Asked Basic Statistics

Q : Why is the gini coefficient likely to be increasing

Q : Describe the price elasticity of the demand

Q : Evaluate a valid mathematical expression

Q : What was the gdp deflator values used

Q : Length of its warranty to answer

Q : How much should measured the gdp change

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