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Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 46.6 months and a standard deviation of 6.7 months. USE SALT (a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.) % (b) If Quick Start does not want to make refunds for more than 6% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)? months

Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 46.6 months and a standard deviation of 6.7 months. USE SALT (a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.) % (b) If Quick Start does not want to make refunds for more than 6% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)? months

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 46.6 months and a standard deviation of 6.7 months. USE SALT (a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.) % (b) If Quick Start does not want to make refunds for more than 6% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)? months
Transcribed Image Text:Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 46.6 months and a standard deviation of 6.7 months. USE SALT (a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.) % (b) If Quick Start does not want to make refunds for more than 6% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)? months
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