Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Find the Probability and inverse probability for the given Normal distribution.

Accrotime is a manufacturer of quartz crystal watches. Accortime researchers have shown that the watches have an average life of 28 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal.

1) State the random variable.
2) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace?
3) If Accrotime does not want to make refunds on more than 12 percent of the watches it makes, how long should the guarantee period be (to the nearest month)?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923174

Have any Question? 


Related Questions in Statistics and Probability

You are purchasing a home for 220000 the down payment is 30

You are purchasing a home for $220,000. The down payment is 30% and the balance will be financed with a 20- year mortgage at 9% and 2 discount points. You put down a deposit of $5,000 (applied to the down payment) when t ...

Imagine that you want to know whether the sat is biased

Imagine that you want to know whether the SAT is biased against Group X and in favor of Group Y. You administer the SAT to members of the two groups; then, 4 years later, you examine the correlations between SAT scores a ...

Recall that very satisfied customers give the xyz-box video

Recall that "very satisfied" customers give the XYZ-Box video game system a rating that is at least 42. Suppose that the manufacturer of the XYZ-Box wishes to use the 65 satisfaction ratings to provide evidence supportin ...

1 what is the name of the statistic used in an anova2 if

1. What is the name of the statistic used in an ANOVA? 2. If the independent variable has no effect, the calculated value of F will be around 1.00. Why?

A special industrial battery must have a life of at least

A special industrial battery must have a life of at least 500 hours. A hypothesis test is to be conducted with a 0.04 level of significance. If the batteries from a particular production run have an actual mean use life ...

Jullian was curious if regular excise really helps weight

Jullian was curious if regular excise really helps weight loss,she decided to perform a hypothesis test. A random sample of 5 Kansas State students was chosen. The students took a 30-minute exercise every day for 6 month ...

Question 1use this extract taken from the article goji

Question 1: Use this extract taken from the article, "Goji berries prevent macular degeneration," (appeared in Healthy Foods, Healthy Bodies on January 21, 2016) to answer the questions that follow: Goji berries (Lycium ...

1 in a pulse rate research a simple random sample of 120

1. In a pulse rate research, a simple random sample of 120 men results in a mean of 80 beats per minute, and a standard deviation of 11 beats per minute. Based on the sample results, the researcher concludes that the pul ...

In a manufacturing process a random sample of 36 bolts

In a manufacturing process a random sample of 36 bolts manufactured has a mean length of 3 inches with a standard deviation of .3 inches. What is the 99% confidence interval for the true mean length of the bolt? Please s ...

Describe the following game with incomplete information as

Describe the following game with incomplete information as an extensive-form game. There are two players N = {I, II}. Each player has three types, TI = {I 1 , I 2 , I 3 } and TII = {II 1 , II 2 , II 3 }, with common prio ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro