) A brand of cars has a normal distribution for the lifetime of lasting time of cars. The average lifetime is 16 years with a standard deviation of 2 years. If you bought one such car today, what is the chance that your car will only last for up to 14 years? If your friend had a car of this brand for 14 years already, what is the chance that he (she) has to buy a new car in seven years? If a company bought 7 such cars, what is the probability that exactly two of them will last between 12 and 20 years? If the manufacturer want to offer a warrantee that is as attractive as possible and at the same time they don’t want to refund more than 0.5% of customers, how long the warranty should be?
) A brand of cars has a normal distribution for the lifetime of lasting time of cars. The average lifetime is 16 years with a standard deviation of 2 years. If you bought one such car today, what is the chance that your car will only last for up to 14 years? If your friend had a car of this brand for 14 years already, what is the chance that he (she) has to buy a new car in seven years? If a company bought 7 such cars, what is the probability that exactly two of them will last between 12 and 20 years? If the manufacturer want to offer a warrantee that is as attractive as possible and at the same time they don’t want to refund more than 0.5% of customers, how long the warranty should be?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
Related questions
Question
- ) A brand of cars has a
normal distribution for the lifetime of lasting time of cars. The average lifetime is 16 years with a standard deviation of 2 years.
- If you bought one such car today, what is the chance that your car will only last for up to 14 years?
- If your friend had a car of this brand for 14 years already, what is the chance that he (she) has to buy a new car in seven years?
- If a company bought 7 such cars, what is the probability that exactly two of them will last between 12 and 20 years?
- If the manufacturer want to offer a warrantee that is as attractive as possible and at the same time they don’t want to refund more than 0.5% of customers, how long the warranty should be?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Recommended textbooks for you
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Calculus For The Life Sciences](https://www.bartleby.com/isbn_cover_images/9780321964038/9780321964038_smallCoverImage.gif)
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Calculus For The Life Sciences](https://www.bartleby.com/isbn_cover_images/9780321964038/9780321964038_smallCoverImage.gif)
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,