In a recent report to the supply-chain manager in a major electronics company, the report writer stated that with 90 percent confidence, the manufacturing lead time for a critical part is between 3.34 hours and 4.14 hours.
Based on this information, the margin of error for this estimate is .80 hours. Indicate whether the statement is true or false
Question 2
An electronics repair shop has determined that the time between failures for a particular electronic component part is exponentially distributed with a mean time between failures of 200 hours.
Based on this information, the probability that a part will not fail in the first 200 hours is 0.50. Indicate whether the statement is true or false
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