Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 22 Nov 2017 My Price 5.00

Rockingham Corporation

Rockingham Corporation makes electric shavers. The life (period before which a shaver does not need a major repair) of Model J795 of an electric shaver manufactured by this corporation has a normal distribution with a mean of 70 months and a standard deviation of 8 months. The company is to determine the warranty period for this shaver. Any shaver that needs a major repair during this warranty period will be replaced free by the company.

a. What should the warranty period be if the company does not want to replace more than 1% of the shavers?

b. What should the warranty period be if the company does not want to replace more than 5% of the shavers?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Nov 2017 01:11 PM My Price 5.00

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