A laptop manufacturer produces laptops with a mean life of seven years. What warranty should they offer
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A laptop manufacturer produces laptops with a mean life of seven years. What warranty should they offer such that no more than 25% of the laptops will fail before the warranty expires? Assume laptop failure times follow an exponential distribution (λ = 1∕7).
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Related Book For 
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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