In establishing warranties on HDTVS, the manufacturer wants to set the limits so that few willneed repair at the manufacturer's expense. On the other hand, the warranty period must belong enough to make the purchase attractive to the buyer. For a new HDTV, the mean numberof months until repairs are needed is 36.84 with a standard deviation of 3.34 months. Whereshould the warranty limits be set so that only 10% of the HDTVS need repairs at themanufacturer's expenses? (Assuming the time until repairs are needed follows a normaldistribution.)

Mean number of months until repairs are needed = 36.84 standard deviation = 3.34 months.

Answered: In establishing warranties on HDTVS,…

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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