A company that produces an expensive stereo component is considering offering a warranty on the component. Suppose the p
Posted: Wed Jul 06, 2022 12:10 pm
company that produces an expensive stereo component is considering offering a warranty on the component. Suppose the population of lifetimes of the components is a normal distribution with a mean of 83 months and a standard deviation of 6 months. If the company wants only 2% of the components to wear out before they reach the warranty date, what number of months should be used for the warranty? (Round your answer to the closest whole number.) months
A