Question

In: Statistics and Probability

Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...

Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 26 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal.

(a) 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? (Round your answer to two decimal places.)

(b) If Accrotime does not want to make refunds on more than 6% of the watches it makes, how long should the guarantee period be (to the nearest month)?

Suppose the heights of 18-year-old men are approximately normally distributed, with mean 67 inches and standard deviation 6 inches.

(a) What is the probability that an 18-year-old man selected at random is between 66 and 68 inches tall? (Round your answer to four decimal places.)


(b) If a random sample of twenty 18-year-old men is selected, what is the probability that the mean height x is between 66 and 68 inches? (Round your answer to four decimal places.)


(c) Compare your answers to parts (a) and (b). Is the probability in part (b) much higher? Why would you expect this?

The probability in part (b) is much higher because the mean is larger for the x distribution.

The probability in part (b) is much higher because the standard deviation is smaller for the x distribution.    

The probability in part (b) is much lower because the standard deviation is smaller for the x distribution.

The probability in part (b) is much higher because the standard deviation is larger for the x distribution.

The probability in part (b) is much higher because the mean is smaller for the x distribution.

Solutions

Expert Solution

Solution :

Given that ,

1) mean = = 26 months

standard deviation = = 4 months

a) P(x < 24) = P[(x - ) / < (24 - 26) / 4]

= P(z < -0.50)

Using z table,

= 0.3085

The percentage is = 30.85%

b) Using standard normal table,

P(Z < z) = 6%

= P(Z < z) = 0.06  

= P(Z < -1.55) = 0.06

z = -1.55

Using z-score formula,

x = z * +

x = -1.55 * 4 + 26

x = 19.8

x = 20 months.

2) Given that ,

mean = = 67 inches.

standard deviation = = 6 inches.

a) P( 66 < x < 68) = P[(66 - 67 )/ 6 ) < (x - ) /  < (68 - 67 ) / 6) ]

= P(-0.17 < z < 0.17)

= P(z < 0.17) - P(z < -0.17)

Using z table,

= 0.5675 - 0.4325

= 0.1350

b) n = 20

=   = 67

= / n = 6 / 20 = 1.34

P(66 < < 68)  

= P[(66 - 67) /1.34 < ( - ) / < (68 - 67) / 1.34)]

= P( -0.75 < Z < 0.75)

= P(Z < 0.75) - P(Z < -0.75)

Using z table,  

= 0.7734 - 0.2266

= 0.5468

c) The probability in part (b) is much higher because the standard deviation is smaller for the x distribution.


Related Solutions

Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 36 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5months, and the distribution of lifetimes is normal. (a) 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? (Round your answer to two...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 35 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) 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? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 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. (a) 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? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 32 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. (a) 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? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) 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? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 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. (a) 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? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 36 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. (a) 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? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 26 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) 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? (Round your answer to...
29) Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches...
29) Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 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. (a) 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? (Round your answer...
A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000.
  A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000. The acceptance sampling procedure uses 15 randomly selected crystals If p0 = 0.01 and p1 = 0.08, what are the producer's and consumer's risks for each sampling plan in part (a)? (Round your answers to four decimal places.) c Producer's Risk Consumer's Risk 0     1     2    
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT