(Steps Shown) The replacement times for TV sets are normally distributed with a mean of 8.2 years and a standard deviation of 1.1 years (based on data from
Question: The replacement times for TV sets are normally distributed with a mean of 8.2 years and a standard deviation of 1.1 years (based on data from "Getting Things Fixed," Consumer Reports ).
- Find the probability that a randomly selected TV set will have a replacement time less than 6.0 years. ( 0.35 point)
- Find the probability that a randomly selected TV set will have a replacement time between 7.1 and 9.3 years. ( 0.40 point)
- If you want to provide a warranty so that only 1% of the TV sets will be replaced before the warranty expires, what is the time length of the warranty? (0.60 point)
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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document 