The mean life of a certain type of motor is 10 years with a standard deviation of 2 years. Assume that the useful life of an engine follows a normal distribution. The manufacturer replaces all motors that fail free of charge while under warranty. If the company is willing to replace only 3% of the motors that fail, how long should a warranty be?
The mean life of a certain type of motor is 10 years with a standard deviation of 2 years. Assume that the useful life of an engine follows a normal distribution. The manufacturer replaces all motors that fail free of charge while under warranty. If the company is willing to replace only 3% of the motors that fail, how long should a warranty be?
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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The
Assume that the useful life of an engine follows a
replaces all motors that fail free of charge while under warranty. If the company is willing to
replace only 3% of the motors that fail, how long should a warranty be?
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