5. The average life of an electric scooter is 15 years with a standard deviation of 1.75 years. The manufacturer replaces for free all scooters that fail while under a guarantee. If she is willing to replace 5.0% of the scooters that fail, how long of a guarantee (in years) should she offer? You may assume that the lives of the scooters are normally distributed.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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5. The average life of an electric scooter is 15 years with a standard deviation of 1.75 years. The
manufacturer replaces for free all scooters that fail while under a guarantee. If she is willing to replace
5.0% of the scooters that fail, how long of a guarantee (in years) should she offer? You may assume
that the lives of the scooters are normally distributed.
Transcribed Image Text:5. The average life of an electric scooter is 15 years with a standard deviation of 1.75 years. The manufacturer replaces for free all scooters that fail while under a guarantee. If she is willing to replace 5.0% of the scooters that fail, how long of a guarantee (in years) should she offer? You may assume that the lives of the scooters are normally distributed.
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