Final answer:
To find the probability that a randomly selected DVD player will have a replacement time less than 4.3 years, we can use the z-score formula to standardize the value. The probability is approximately 0.0106, or 1.06%.
Step-by-step explanation:
To find the probability that a randomly selected DVD player will have a replacement time less than 4.3 years, we need to standardize the value using the z-score formula.
The formula for the z-score is: z = (x - mean) / standard deviation.
Substituting in the given values: z = (4.3 - 7.3) / 1.3 = -2.3077.
We can then use a standard normal distribution table or a calculator to find the probability corresponding to this z-score.
The probability that a randomly selected DVD player will have a replacement time less than 4.3 years, P(X < 4.3 years), is approximately 0.0106, or 1.06%.