Suppose an LED light manufacturer want to set a lifespan guarantee on its new LEDlight. Life test revealed that the mean of 50,000 life hours and the standard deviation of the normal distribution of 2,140 hours. The manufacturer wants to set the guaranteed life hours so that no more than 5% of the LED lights will have to be replaced. What guaranteed life hours should the manufacturer announce?

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Suppose an LED light manufacturer want to set a lifespan guarantee on its new LEDlight.
Life test revealed that the mean of 50,000 life hours and the standard deviation of the
normal distribution of 2,140 hours. The manufacturer wants to set the guaranteed life
hours so that no more than 5% of the LED lights will have to be replaced. What
life hours should the manufacturer announce?
guaranteed
Transcribed Image Text:Suppose an LED light manufacturer want to set a lifespan guarantee on its new LEDlight. Life test revealed that the mean of 50,000 life hours and the standard deviation of the normal distribution of 2,140 hours. The manufacturer wants to set the guaranteed life hours so that no more than 5% of the LED lights will have to be replaced. What life hours should the manufacturer announce? guaranteed
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