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
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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?
Transcribed Image Text: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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