The replacement times for TV sets are normally distributed with a mean of 8.2 years and a standard d
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).
a) Find the probability that a randomly selected TV set will have a replacement time less than 6.0 years. ( 0.35 point)
b) Find the probability that a randomly selected TV set will have a replacement time between 7.1 and 9.3 years. ( 0.40 point)
c) 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)
Price: $2.99
Solution: The solution consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
