Скачать или смотреть ECON1003 - Basic Econometrics and Quantitative Modelling You are the head of a company that install…

ECON1003 - Basic Econometrics and Quantitative Modelling You are the head of a company that installs batteries in a factory. You are working on a marketing strategy to determine the guarantees that the company will offer on its batteries. The quality control department informs you that the mean life of a battery is 290 days with a standard deviation of 30 days. The testing indicates that the battery life is normally distributed. What should be the length of the guarantee if they want to replace a maximum of 8 percent of the batteries?

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