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put this solution on YOUR website!Suppose the life of a certain brand of vacuum cleaner is normally distributed with a mean life of 12 years and a standard deviation of 4 years. A vacuum cleaner is randomly chosen.
10. For how many years should the manufacturer warranty its vacuum cleaners if it is willing to replace only 1% of the vacuum cleaners it sells (Round answer to the closest whole number).
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invNorm(0.01) = -2.3263
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Use x = zs+u
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x = -2.3263*4+12 = 2.6946 years = 3 yrs. to the closest whole number,
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Cheers,
Stan H.