The lifetime of a new stereo is estimated to be 12 years, Ask an Expert

Management Studies

The lifetime of a new stereo is estimated to be 12 years with a standard deviation of 2.5 years.

A. What is the probability of the stereo failing after 4 years?

B. If there is a full replacement guarantee of 3.5 years, What is the expected proportion of replacements?

C. If the firm is willing to replace up to 3%, What guarantee period should it specify?

Please show your work

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91509161

Have any Question?Write your Review or question?

Related Questions in Operation Management

You developed an idea for a new shoe having a single shoe

You developed an idea for a new shoe: Having a single shoe sole in which you can clip on different shoe tops to create different shoes (the Onesole). Describe appropriate research techniques to answer each of the followi ...

Descriptionmost traditional print newspapers are suffering

DESCRIPTION Most traditional print newspapers are suffering significant transformations, mainly challenged by financial troubles and, above all, changes related to new technologies and new consumption habits. Could you s ...

Use the five-step decision-making process 1 develop problem

Use the five-step decision-making process (1. develop problem statement, 2. identify, evaluate and choose alternatives, 3. implement decision, 4. evaluate results and 5. ethical achievements) to analyze the following You ...

Consider a trading company located an industrial complex

Consider a trading company located an industrial complex that sells electronic components. Due to its location, when an order is placed, it is instantaneously replenished. The most popular product is a RFID reader, which ...

The healthcare organization finance committee has set a

The healthcare organization finance committee has set a limit of $100 million per year on new capital investment. Conversion to the electronic medical record will be expensive – at least $40 million per year for three ye ...

1 weberrsquos rules for organizations will be followed

1. Weber’s rules for organizations will be followed precisely for all projects. True False 2. A project manager with team members from various units will vie with the functional managers of the team for influence over th ...

Multinational enterprises mnes have an impact far beyond

Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that supplies a product or service to an MNE. How might your relationship change as the MNE moves ...

Answer the following 1 the product i chose are the parish

Answer the following : 1. The product I chose are the Parish Magic Line cake pans. These pans can be found online and used by home bakers. The pans are a great buy and if cared for properly will last years. Many bakers b ...

1 with india and china as the top business process

1. With India and China as the top business process outsourcing countries in the world, what can you do to prepare yourself for competing in a flat world? Be specific. 2. This question is for a project about providing an ...

1 any international or cross border ventures include the

1. Any international or cross border ventures (include the type of strategy, entry modes used, the risks in faces in the nations it competes in) found in Polaris and Victory? 2. Describe some of the current trends and ch ...

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

Recent Questions

Ask Operation Management Expert