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Mathematics, 03.11.2020 17:20 segobins
(d) Assume that the average life of a refrigerator is 15 years, with the standard deviation given in part (a) before it breaks. Suppose that a company guarantees refrigerators and will replace a refrigerator that breaks while under guarantee with a new one. However, the company does not want to replace more than 10% of the refrigerators under guarantee. For how long should the guarantee be made (rounded to the nearest tenth of a year)
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(d) Assume that the average life of a refrigerator is 15 years, with the standard deviation given in...
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