Computers and Technology, 16.10.2019 06:00 nikitakhrabkov123
The average life of a certain type of small motor was estimated to be 10 years with a standard deviation of 2 years. the manufacturer of the motor wants to issue a policy that will replace all motors that fail while under guarantee free of cost. if the company has budget to replace only 3% of all the motors that fail, how long a guarantee (in years) should they offer? you may assume that the lives of the motors are normally distributed.
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