Question: Worked Problems (Show your calculations in order to get full credit) 1. The life expectancy of Timely brand watches is normally distributed with a mean

 Worked Problems (Show your calculations in order to get full credit)

Worked Problems (Show your calculations in order to get full credit) 1. The life expectancy of Timely brand watches is normally distributed with a mean of four years and a standard deviation of 0.7year, a) Find the probability that a randomly selected watch will be in working condition for more than five years? (3 points) (b) 95% of the watches will have a life expectancy of greater than how many years? (2 Points)

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 Accounting Questions!