Question: Item 2 Time Remaining 5 4 minutes 4 2 seconds 0 0 : 5 4 : 4 2 Item 2 Time Remaining 5 4 minutes

Item2
Time Remaining 54 minutes 42 seconds00:54:42
Item 2
Time Remaining 54 minutes 42 seconds00:54:42
A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 20 months. Assume product life can be described by an exponential distribution.
T / MTBF e-T / MTBF T / MTBF e-T / MTBF T / MTBF e-T / MTBF
0.100.90482.600.07435.100.0061
0.200.81872.700.06725.200.0055
0.300.74082.800.06085.300.0050
0.400.67032.900.05505.400.0045
0.500.60653.000.04985.500.0041
0.600.54883.100.04505.600.0037
0.700.49663.200.04085.700.0033
0.800.44933.300.03695.800.0030
0.900.40663.400.03345.900.0027
1.000.36793.500.03026.000.0025
1.100.33293.600.02736.100.0022
1.200.30123.700.02476.200.0020
1.300.27253.800.02246.300.0018
1.400.24663.900.02026.400.0017
1.500.22314.000.01836.500.0015
1.600.20194.100.01666.600.0014
1.700.18274.200.01506.700.0012
1.800.16534.300.01366.800.0011
1.900.14964.400.01236.900.0010
2.000.13534.500.01117.000.0009
2.100.12554.600.0101
2.200.11084.700.0091
2.300.10034.800.0082
2.400.09074.900.0074
2.500.08215.000.0067
a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period? (Round your answer to 4 decimal places.)
b. What service period would result in a failure rate of approximately 10 percent? (Round intermediate calculations to 2 decimal places and final answer to the nearest whole number.)

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 General Management Questions!