The averuge life of a certain type of small electric motor is 10-years with standard deviation of 2-years. The manufacturer replaces free all motors that fail while under guarantee. If he is willing to replace only 3% of the motors that fail, how long a guarantee should he offer? Assume that the lives of the motors follow normal

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The average life of a certain type of small electric motor
is 10-years with standard deviation of 2-years. The
manufacturer replaces free all motors that fail while
under guarantee. If he is willing to replace only 3% of
the motors that fail, how long a guarantee should he
offer? Assume that the lives of the motors follow norma!
distribution.
Transcribed Image Text:The average life of a certain type of small electric motor is 10-years with standard deviation of 2-years. The manufacturer replaces free all motors that fail while under guarantee. If he is willing to replace only 3% of the motors that fail, how long a guarantee should he offer? Assume that the lives of the motors follow norma! distribution.
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