Apple is working on improving the battery life of their iphones after many customers have set in feedback on surveys that they are not happy with it. Apple states that the expected battery life of the iphone 12 is 8 hours and 30 minutes with a standard deviation of 15 minutes. Apple wants to set a standard that the lowest 1 % of all iphone battery life will qualify for full refunds. What would the benchmark battery life be for this refund policy? Do you think this would be a reasonable policy for apple to put in place?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Apple is working on improving the battery life of their iphones after many customers have set in feedback on surveys that they are not happy with it. Apple states that the expected battery life of the iphone 12 is 8 hours and 30 minutes with a standard deviation of 15 minutes. Apple wants to set a standard that the lowest 1 % of all iphone battery life will qualify for full refunds. What would the benchmark battery life be for this refund policy? Do you think this would be a reasonable policy for apple to put in place?

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