In: Math
Quick Start Company makes 12-volt car batteries. From historical
data, the company knows that the life of such a battery is a
normally distributed random variable with a mean life of 44 months
and a standard deviation of 1010 months.
(a) What percentage of Quick Start 12-volt batteries will last
between 32 months and 53 months?
(b) If Quick Start does not want to make refunds for more than 10%
of its batteries under a full-guarantee policy, how long should the
company guarantee the 12-volt batteries?
months
(c) Seventy-five 12-volt batteries are randomly selected n=75. What
is the probability that the mean lifetime of the batteries in this
sample will be between 42 and 43 months?
(Input answer to four decimal places)
Mean life of battery = 44 months
standard deviation of battery = 10 months
(a) Here if x is the lifespan of a random battery
Pr(32 month < x < 53 month) = Pr(x < 53 months ; 44 months ; 10 months) - Pr(x < 32 months ; 44 months ; 10 months)
Z2 = (53 - 44)/10 = 0.9
Z1 = (32 - 44)/10 = -1.2
Pr(32 month < x < 53 month) = Pr(x < 53 months ; 44 months ; 10 months) - Pr(x < 32 months ; 44 months ; 10 months)
= Pr(Z < 0.9) - Pr(Z < -1.2)
= 0.8159 - 0.1151 = 0.7009
(b) Here the battery lifespan of top 10% of battery. So we have to find 10% percentile heree
Pr(x < x0 ; 44 ; 10) = 0.10
so here Z value would be
Z = -1.28155
(x0 - 44)/10 = -1.28155
x0 = 31.1845 months
(C) Here n = 75
standard error of sample mean = 10/sqrt(75) = 1.1547 months
Here the sample mean of lifetime of the batteries are
Pr(42 months < x < 43 months) = Pr( < 43 months ; 44 months ; 1.1547 month) - Pr( <44 months ; 44 months ; 1.1547 months)
Z2 = (43 - 44)/1.1547 = -0.866
Z1 = (42 - 44)/1.1547 = -1.732
Pr(42 months < x < 43 months) = Pr( < 43 months ; 44 months ; 1.1547 month) - Pr( <44 months ; 44 months ; 1.1547 months)
= Pr(Z < -0.866) - Pr(Z < -1.732)
= 0.1932 - 0.0416
= 0.1517