Mathematics, 19.05.2020 20:05 huwoman
An automobile battery manufacturer offers a 31/54 warranty on its batteries. The first number in the warranty code is the free-replacement period; the second number is the prorated-credit period. Under this warranty, if a battery fails within 31 months of purchase, the manufacturer replaces the battery at no charge to the consumer. If the battery fails after 31 months but within 54 months, the manufacturer provides a prorated credit toward the purchase of a new battery. The manufacturer assumes that X, the lifetime of its auto batteries, is normally distributed with a mean of 45 months and a standard deviation of 5.6 months.
1. If the manufacturer's assumptions are correct, it would reed to replace of its batteries free.2. The company finds that it is replacing 1.07% of its batteries free of charge. It suspects that its assumption standard deviation of the life of its batteries is incorrect. A standard deviation of results in a 1.07% replacement rate.3. Using the revised standard deviation for battery life, what percentage of the manufacturer's batteries don't free replacement but do qualify for the prorated credit?
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An automobile battery manufacturer offers a 31/54 warranty on its batteries. The first number in the...
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