Rockingham Corporation makes electric shavers. The life span of a particular model of the electric shavers manufactured by Rockingham Corporation has a normal distribution with a mean of 70 months and a standard deviation of 8 months. The 47. company is to determine the warranty period for this shaver. Any shaver that needs a major repair during this warranty period will be replaced free by the company. (a) What should the warranty period be if the company does not want to replace more than 1% of the shavers? What should the warranty period be if the company does not want to replace more than 5% of the shavers? (b)

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Rockingham Corporation makes electric shavers. The life span of a particular model
of the electric shavers manufactured by Rockingham Corporation has a normal
distribution with a mean of 70 months and a standard deviation of 8 months. The
47.
company is to determine the warranty period for this shaver. Any shaver that needs a
major repair during this warranty period will be replaced free by the company.
(a)
What should the warranty period be if the company does not want to replace
more than 1% of the shavers?
(b)
What should the warranty period be if the company does not want to replace
more than 5% of the shavers?
Transcribed Image Text:Rockingham Corporation makes electric shavers. The life span of a particular model of the electric shavers manufactured by Rockingham Corporation has a normal distribution with a mean of 70 months and a standard deviation of 8 months. The 47. company is to determine the warranty period for this shaver. Any shaver that needs a major repair during this warranty period will be replaced free by the company. (a) What should the warranty period be if the company does not want to replace more than 1% of the shavers? (b) What should the warranty period be if the company does not want to replace more than 5% of the shavers?
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