Question

1. Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches...

1. Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 29 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal.

(a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to two decimal places.)
%

(b) If Accrotime does not want to make refunds on more than 12% of the watches it makes, how long should the guarantee period be (to the nearest month)?

2.

Suppose x has a distribution with μ = 56 and σ = 14.

(a) If random samples of size n = 16 are selected, can we say anything about the x distribution of sample means?

Yes, the x distribution is normal with mean μx = 56 and σx = 0.9.Yes, the x distribution is normal with mean μx = 56 and σx = 14.     Yes, the x distribution is normal with mean μx = 56 and σx = 3.5.No, the sample size is too small.


(b) If the original x distribution is normal, can we say anything about the x distribution of random samples of size 16?

Yes, the x distribution is normal with mean μx = 56 and σx = 14.No, the sample size is too small.     Yes, the x distribution is normal with mean μx = 56 and σx = 0.9.Yes, the x distribution is normal with mean μx = 56 and σx = 3.5.


Find P(52 ≤ x ≤ 57). (Round your answer to four decimal places.)

Homework Answers

Answer #1
for normal distribution z score =(X-μ)/σx
mean μ= 29
standard deviation σ= 5

a)

percentage of total production will the company expect to replace :

probability =P(X<24)=(Z<(24-29)/5)=P(Z<-1)=0.1587 ~ 15.87 %

b)

for 12th percentile critical value of z=-1.17
therefore corresponding value=mean+z*std deviation=23 months

2)a)

No, the sample size is too small.

b)

Yes, the x distribution is normal with mean μx = 56 and σx = 3.5

probability =P(52<X<57)=P((52-56)/3.5)<Z<(57-56)/3.5)=P(-1.14<Z<0.29)=0.6141-0.1271=0.4870

(please try 0.4859 if this comes wrong)

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 36 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 36 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 29 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 7 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 34 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have determined that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have determined that the watches have an average life of 55 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. a. If Accrotime guarantees a full refund on watches for 4 years (48 months) after purchase, what percentage of total production will the company expect to replace? b. If Accrotime only...
Accrotime is a manufacturer of watches. Accrotime researchers have shown that watches have an average life...
Accrotime is a manufacturer of watches. Accrotime researchers have shown that watches have an average life of 28 months before certain electronic components deteriorate causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months and the distribution is normal. 1) If Accrotime guarantees a full refund of any defective watch for 1.5 years after the purchase, what percentage of total production will the company expect to replace? Write your answer as a percentage rounded to...
6.5-4) Suppose x has a distribution with μ = 39 and σ = 20. (a)If random...
6.5-4) Suppose x has a distribution with μ = 39 and σ = 20. (a)If random samples of size n = 16 are selected, can we say anything about the x distribution of sample means? Yes, the x distribution is normal with mean μx = 39 and σx = 5. No, the sample size is too small.    Yes, the x distribution is normal with mean μx = 39 and σx = 1.3. Yes, the x distribution is normal with mean...
Suppose x has a distribution with μ = 25 and σ = 2. (a) If random...
Suppose x has a distribution with μ = 25 and σ = 2. (a) If random samples of size n = 16 are selected, can we say anything about the x distribution of sample means? Yes, the x distribution is normal with mean μx = 25 and σx = 0.5.No, the sample size is too small.     Yes, the x distribution is normal with mean μx = 25 and σx = 2.Yes, the x distribution is normal with mean μx = 25...
Suppose x has a distribution with μ = 75 and σ = 8. (a) If random...
Suppose x has a distribution with μ = 75 and σ = 8. (a) If random samples of size n = 16 are selected, can we say anything about the x distribution of sample means? No, the sample size is too small.Yes, the x distribution is normal with mean μx = 75 and σx = 0.5.    Yes, the x distribution is normal with mean μx = 75 and σx = 2.Yes, the x distribution is normal with mean μx = 75...
a. What is the standard error of a sampling distribution? (out of the following) the mean,...
a. What is the standard error of a sampling distribution? (out of the following) the mean, the probability, the bias, the standard deviation, or the variance b. What is the standard deviation of a sampling distribution called? (out of the following) the spread, the variance, the standard error, the mean, the standard variance c. List two unbiased estimators and their corresponding parameters. (Select all that apply out of the following.) μ is an unbiased estimator for x-bar, p is an...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT