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Mathematics, 12.03.2021 15:40 laylahedwards

Assume that the average life of a refrigerator is 14 years, with the standard deviation given in part (a) before it breaks. Suppose that a company guarantees refrigerators and will replace a refrigerator that breaks while under guarantee with a new one. However, the company does not want to replace more than 6% of the refrigerators under guarantee. For how long should the guarantee be made (rounded to the nearest tenth of a year)

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