A toaster company wants to provide a warranty for its toasters, and is willing to replace about 5% of those sold each year. What type of calculation would help in determining the most appropriate warranty time to offer customers? A. A normal distribution calculation for the years a toaster should last.
B. A pie chart of the possible percentage of defective toasters each year.
C. A binomial probability calculation for defective toasters.
D. A frequency distribution of the defective toasters each year.
E. An inverse normal distribution calculation from 5% to number of years.