Question

M/s Softech Copiers leases office copying machines and resells returned machines at a discount. Leases are normally distributed, with a mean of 24 months and a standard deviation of 7.5 months. M/s Softech wants to find,

a) What is the probability of copier will still be on lease after 24 months?

b) What is the probability that the copier will be returned after one year?


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Answer 1

Answer:

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