Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to two decimal places.) % (b) If Accrotime does not want to make refunds on more than 6% of the watches it makes, how long should the guarantee period be (to the nearest month)? months
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to two decimal places.) % (b) If Accrotime does not want to make refunds on more than 6% of the watches it makes, how long should the guarantee period be (to the nearest month)? months
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal.
(a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to two decimal places.)
%
(b) If Accrotime does not want to make refunds on more than 6% of the watches it makes, how long should the guarantee period be (to the nearest month)?
months
%
(b) If Accrotime does not want to make refunds on more than 6% of the watches it makes, how long should the guarantee period be (to the nearest month)?
months
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