The Flashlight Batteries Produced by One of the Northern Manufacturers

question 124

Essay

The flashlight batteries produced by one of the northern manufacturers are known to have an average life of 60 hours with a standard deviation of 4 hours.Use Chebyshev's theorem to answer the following questions.
a.At least what percentage of flashlights will have a life of 54 to 66 hours?
b.At least what percentage of the batteries will have a life of 52 to 68 hours?
c.Determine an interval for the batteries' lives that will be true for at least 80% of the batteries.(Hint: First compute the Z-score. )

Understand the basics of Crystal Ball and its functionalities.

Learn how to interpret forecast charts in Crystal Ball.

Understand the probability and risk calculation within Crystal Ball.

Learn to define and use different types of variables (assumption, decision, and forecast) in Crystal Ball.

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Definitions:

Philanthropic Marketing

Marketing strategies that involve charitable activities or donations as a means to promote a company’s brand or products while contributing to social causes.

Corporate Altruism

The practice of businesses voluntarily engaging in philanthropic activities and making decisions that benefit society as a whole, beyond what is required for profit maximization.

Cause Marketing

A type of corporate social responsibility, in which a company's promotional campaign has the dual purpose of increasing profitability while bettering society.

Avon Breast Cancer Crusade

A program initiated by Avon Products, Inc. to raise awareness and funds for breast cancer research and access to care.