Answer:
3% of the time its life will be less than 3.7 years.
Explanation:
We are given that a TV manufacturer knows that their TV's have a normally distributed lifespan, with a mean of 5.6 years, and standard deviation of 1 years.
Let X = Lifespan of TV's
So, X ~ Normal(
)
The z score probability distribution for normal distribution is given by;
Z =
~ N(0,1)
where,
= population mean lifespan = 5.6 years
= standard deviation = 1 year
Now, if a TV is picked at random, we have to find that 3% of the time its life will be less than how many years, that means;
P(X < x) = 0.03 {where x is the required years}
P(
<
) = 0.03
P(Z <
) = 0.03
Now, in the z table the critical value of x which represents the below 3% probability area is given as -1.881, i.e;
= -1.881
x = 5.6 - 1.881
x = 3.7
Hence, 3% of the time its life will be less than 3.7 years.