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Question: If the life of a car engine, calculated in miles, is normally distributed, with a mean of 240,000 miles & a standard deviation of 10,500 miles, what should be the guarantee period if the company wants less than 2 percent of the engines to fail while under warranty?
[A] Less than 231,180 miles
[B] Less than 218,370 miles
[C] Less than 261,630 miles
[D] Less than 209,760 miles
Using law of cosines for solving the problem.
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Determine the coefficient of determination. Interpret its value.
Calculate the mean and variance of profit where the mean and variance for the number of units produced are 500 & 900 respectively.
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