SOLUTION: The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement t

Question 1158617: The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 3.7 years and a standard deviation of 0.6 years. He then randomly selects records on 29 laptops sold in the past and finds that the mean replacement time is 3.5 years.
Assuming that the laptop replacement times have a mean of 3.7 years and a standard deviation of 0.6 years, find the probability that 29 randomly selected laptops will have a mean replacement time of 3.5 years or less.
P(M < 3.5 years) =
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
z=(x bar-mean)/sigma/sqrt(n)
=(3.5-3.7)*sqrt(29)/0.6
=-1.077/0.6=-1.795
probability z < -1.795 is 0.0363
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