The Mean Life of a Specialized Essential Electronic Component in One

question 75

Multiple Choice

The mean life of a specialized essential electronic component in one of your company's main products is 80 months, and its standard deviation is 6 months.It is known that the life for this component is not normally distributed.We can conclude that at least 96% of these components will last between _______.

• A)74 and 86 months
• B)68 and 92 months
• C)66 and 94 months
• D)64 and 96 months
• E)50 and 110 months

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Definitions:

Directly Related

A relationship between two variables in which they move in the same direction.

Consumer's Income

The sum of money a consumer can spend on products and services.

Budget Line

A visual depiction of every potential combination of two products that can be bought within a specific budget at fixed prices.

After-Tax Income

The amount of net income remaining after all taxes (federal, state, local) have been deducted from the gross income.