[See Solution] Empire Electronics manufactures a compact microwave oven; one of it chief component parts, a magnetron tube has a mean lifespan of 6.25 years.
Question: Empire Electronics manufactures a compact microwave oven; one of it chief component parts, a magnetron tube has a mean lifespan of 6.25 years. The store has promoted a five year warranty on this household appliance, which includes this component part.
- What percentage of all its magnetron tubes in these microwaves should Empire expect to need to replace during the warranty period?
- What percentage of microwaves experiences a failure by their magnetron tubes as early as 7 years but no later than 10 years after date of purchase?
c) XC: Determine the variance for this continuous random variable. [COMMENTS & HINTS: This question is for bonus credit only. If necessary, research how to compute this parameter.]
Deliverable: Word Document 