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In: Statistics and Probability

A company that produces an expensive stereo component is considering offering a warranty on the component....

A company that produces an expensive stereo component is considering offering a warranty on the component. Suppose the population of lifetimes of the components is a normal distribution with a mean of 84 months and a standard deviation of 5 months. If the company wants no more than 2% of the components to wear out before they reach the warranty date, what number of months should be used for the warranty? (Enter your answer as a whole number.)

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orchestra answered 2 years ago
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