Answered: Company XYZ know that replacement times…

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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Question

Company XYZ know that replacement times for the quartz time pieces it produces are normally distributed with a mean of 15.6 years and a standard deviation of 0.8 years.

A) Find the probability that a randomly selected quartz time piece will have a replacement time less than 14 years?
P(X < 14 years) =________

B) If the company wants to provide a warranty so that only 2.5% of the quartz time pieces will be replaced before the warranty expires, what is the time length of the warranty?
warranty =_________

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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