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You want to set the warranty length such that you only have

You work for a firm that manufactures DVD players. Your DVD players last an average of 800 days with a standard deviation of 200 days. You want to set the warranty length such that you only have to replace 1.5% of all the DVD players you sell. How many days long should your warranty be?

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Business Economics: You want to set the warranty length such that you only have

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