Solution) Replacement times for CD players are normally distributed with a mean of 7.1 years and a standard de


Question: Replacement times for CD players are normally distributed with a mean of 7.1 years and a standard deviation of 1.4 years.

(a) Find the probability that a sample of 20 CD players will have a replacement time less than 7.5 years.

(b) If the company wants to provide a warranty so that only 3% of the CD players will have to be replaced before the warranty expires, what is the time of the warranty.

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Solution: The solution consists of 1 page
Deliverables: Word Document

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