Question
In: Statistics and Probability
Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows...
Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 45.0 months and a standard deviation of 9.1 months.
(a) If Quick Start guarantees a full refund on any battery that
fails within the 36-month period after purchase, what percentage of
its batteries will the company expect to replace? (Round your
answer to two decimal places.)
_ %
(b) If Quick Start does not want to make refunds for more than 13%
of its batteries under the full-refund guarantee policy, for how
long should the company guarantee the batteries (to the nearest
month)?
_ months
Solutions
orchestra answered 1 year agoRelated Solutions
Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows...
Quick Start Company makes 12-volt car batteries. After many
years of product testing, the company knows that the average life
of a Quick Start battery is normally distributed, with a mean of
46.8 months and a standard deviation of 7.9 months.
(a) If Quick Start guarantees a full refund on any battery that
fails within the 36-month period after purchase, what percentage of
its batteries will the company expect to replace? (Round your
answer to two decimal places.)
%
(b)...
Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows...
Quick Start Company makes 12-volt car batteries. After many
years of product testing, the company knows that the average life
of a Quick Start battery is normally distributed, with a mean of
46.8 months and a standard deviation of 7.9 months.
(a) If Quick Start guarantees a full refund on any battery that
fails within the 36-month period after purchase, what percentage of
its batteries will the company expect to replace? (Round your
answer to two decimal places.)
%
(b)...
28) Quick Start Company makes 12-volt car batteries. After many years of product testing, the company...
28) Quick Start Company makes 12-volt car batteries. After many
years of product testing, the company knows that the average life
of a Quick Start battery is normally distributed, with a mean of
45.0 months and a standard deviation of 7.9 months. (a) If Quick
Start guarantees a full refund on any battery that fails within the
36-month period after purchase, what percentage of its batteries
will the company expect to replace? (Round your answer to two
decimal places.) %...
3. Quickstart company makes 12-volt car batteries. After many years of testing, the company knows that...
3. Quickstart company makes 12-volt car batteries. After many
years of testing, the company knows that the average life of a
quick start battery is normally distributed, with a mean if 45
months and a standard deviation of 8 months.
A. If Quickstart company guarantees a full refund on any battery
that fails within 36 months after purchase, what of its batteries
will the company expect to replace? (Round to a whole
percentage)
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and a standard deviation of 1010 months.
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Question: Transfer Pricing The Battery Division of Parker Company makes a standard 12 -volt battery. The...
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