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What is the probabilitycalculators will be returned for fund

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Johnson Electronics makes calculators. Consumer satisfaction is one of the top pri- ties of the company's management. The company guarantees the refund of money a replacement for any calculator that malfunctions within two years from the date purchase. It is known from past data that despite all efforts, 5% of the calculators anufactured by this company malfunction within a 2-year period. The company re- itly mailed 500 such calculators to its customers.

Problem 1: Find the probability that exactly 29 of the 500 calculators will be returned for refund replacement within a 2-year period.

Problem 2: What is the probability that 27 or more of the 500 calculators will be returned for fund or replacement within a 2-year period?

Problem 3: What is the probability that 15 to 22 of the 500 calculators will be returned for fund or replacement within a 2-year period?

Reference no: EM132721304

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