Question: RELIABILITY QUESTION: An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have

RELIABILITY QUESTION:

An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is normally distributed with a mean of 41 months and a standard deviation of 4 months

If the cost of replacement each scanner is $250, and if 1,000 units of this scanner are sold, what is the expected warranty replacement cost to the manufacturer.

The answer is $26,412.44 . Need help finding a FORMULA on EXCEL to get to that answer.

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