Answer:
48
Step-by-step explanation:
I'm assuming it's just multiplication with given info
m3n = (8)3(2) = 24(2) = 48
Answer:
A. 0.62%
B. 28 months
Step-by-step explanation:
A. Calculation for what percentage of total production will the company expect to replace
Let x represents the distribution of life times
Let mean be 34 months
Let standard deviation be 4 months.
Based on the information the full refund on any defective watch for 2 years will represent 24 months (2 years *12 months).
First step
P(X<24)
= p(x-mean/ standard deviation< 24-34/4)
= p(z< -10/4)
=P(z<-2.5)
Second step is to Use the excel function to find NORMSDIST(z) of P(z<-2.5)
NORMSDIST(z)=0.62%
Therefore the percentage of total production will the company expect to replace will be 0.62%
B. Calculation for how much the guarantee period should be
First step
P(X<x)=0.06
P(x-Mean/Standard deviation < x-34/4) = 0.06
Second Step is to Use excel function
P(z<x-34/4) = (Normsinv(0.06)
x-34/4 = -1.555
Now let calculate how much the guarantee period should be
x = -6.22+34 months
x = 27.78
x = 28 months (Approximately)
Therefore the guarantee period should be 28 months
Answer:
Step-by-step explanation:qualitative variables are variables with no natural sense of ordering.
The first answer we see is true the other is based on personal experience
No question you guys make this easy
