You sell a brand of thermostat that has a life expectancy that is normally distributed, with a

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You sell a brand of thermostat that has a life expectancy that is normally distributed, with a mean life of 8.5 years and a standard deviation of 0.75 years. You want to give a guarantee for free replacement of thermostats that do not work well. You are willing to replace approximately 15% of the thermostats. How should you word your guarantee?

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Elementary Statistics Picturing The World

ISBN: 9781292260464

7th Global Edition

Authors: Betsy Farber, Ron Larson

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