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).

-If you want to provide a warranty so that only 3% of the TV sets will be replaced before the warranty expires, the length of warranty you would recommend would be _____years.

Question

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).

-If you want to provide a warranty so that only 3% of the TV sets will be replaced before the warranty expires, the length of warranty you would recommend would be _____years.

Quizplus · Accepted Answer

The Answer of 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).

-If you want to provide a warranty so that only 3% of the TV sets will be replaced before the warranty expires, the length of warranty you would recommend would be _____years.

Replacement Times for TV Sets Are Normally Distributed with a Mean