Question: 1. Identify problem 2. explain how figured out 4) Suppose that replacement times for washing machines are normally distributed with a mean of 10.9 years

1. Identify problem 2. explain how figured out

1. Identify problem 2. explain how figured out 4) Suppose that replacement

4) Suppose that replacement times for washing machines are normally distributed with a mean of 10.9 years and a standard deviation of 1 years. If only 18% of washing machines lasts longer than Samsung, find the replacement time for a Samsung washing machine. 5) The National Association of Realtors estimatest that 23% of all homes purchased in 2004 were considered investment properties. If a random sample of 800 homes sold in 2004 is obtained, what is the probability that at most 25% of those are used as investment property

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!