In: Statistics and Probability
Based on extensive testing, a manufacturer of washing machines
believes that the
distribution of the time (in years) until a major repair is
required has a Weibull
distribution with alpa =2/3 and β=2.
a. What is the mean time until a major repair is required?
b. If the manufacturer guarantees all machines against a major
repair for 1 year,
what proportion of all new washers will have to be repaired under
the
guarantee?