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)
B. If Quickstart company only wants to...
Quick Start Company makes 12-volt car batteries. From historical data, the company knows that the life...
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...
Question: Transfer Pricing The Battery Division of Parker Company makes a standard 12 -volt battery. The...
Question: Transfer Pricing
The Battery Division of Parker Company makes a standard 12 -volt
battery. The Division has the
following data:
Production capacity (number of batteries) 200,000
Selling price per battery to
outsiders $ 50
Variable costs per battery $20
Fixed costs per battery (based on capacity) $
7
Parker Company has a Vehicle Division that could use this
battery in its forklift trucks. The Vehicle
Division is now buying 100.000 batteries per year from an
outside supplier at $48 per...
After graduation, you plan to work for Dynamo Corporation for 12 years and then start your...
After graduation, you plan to work for Dynamo Corporation for 12
years and then start your own business. You expect to save and
deposit $7,500 a year for the first 6 years (t = 1 through t = 6)
and $15,000 annually for the following 6 years (t = 7 through t =
12). The first deposit will be made a year from today. In addition,
your grandfather just gave you a $37,500 graduation gift which you
will deposit immediately...
After graduation, you plan to work for Dynamo Corporation for 12 years and then start your...
After graduation, you plan to work for Dynamo Corporation for 12
years and then start your own business. You expect to save and
deposit $7,500 a year for the first 6 years (t = 1 through t = 6)
and $15,000 annually for the following 6 years (t = 7 through t =
12). The first deposit will be made a year from today. In addition,
your grandfather just gave you a $25,000 graduation gift which you
will deposit immediately...
A car saleswoman has worked for the same car sales company for many years. Based on...
A car saleswoman has worked for the same car sales company for
many years. Based on her track record, her selling prices of cars
can be modelled by a normal distribution with mean $12,000AUD with
standard deviation $2,000AUD. (a.) What is the
probability that the car saleswoman sells a car that is more
expensive than $13,500AUD? (b.) During a given month, 14
customers buy a car from her. What is the probability that at least
3 of them bought a...
A car saleswoman has worked for the same car sales company for many years. Based on...
A car saleswoman has worked for the same car sales company for
many years. Based on her track record, her selling prices of cars
can be modelled by a normal distribution with mean $12,000AUD with
standard deviation $2,000AUD. (a.) What is the probability that the
car saleswoman sells a car that is more expensive than $13,500AUD?
(b.) During a given month, 14 customers buy a car from her. What is
the probability that at least 3 of them bought a...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- ] How much weight do you have to invest in KLM in order to earn the...
- Cpp challenge Description The purpose of this challenge is to use the WHILE loop to control...
- Landen Corporation uses a job-order costing system. At the beginning of the year, the company made...
- Forecasting Illustrate your work to show how the answers were obtained. Round to two decimal places....
- In C++ Prompt user to enter two integers •Determine whether the first number is divisible by...
- Green and Silver Company Trial Balance For the Year Ended May 31, 2019 Debits Credits Cash...
- Identify and summarize the basic methods of job evaluation.
ADVERTISEMENT