The expected life of refrigerators produced by the keep it


The expected life of refrigerators produced by the Keep It Cool Company are normally distributed with a mean of 240 months and a standard deviation of 15 months. If the manufacturer wants to have to replace only 2% of its refrigerators, what should its warranty be?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The expected life of refrigerators produced by the keep it
Reference No:- TGS02655864

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)