A company has a policy of retiring company cars; this policy looks at number of miles driven, purpose of trips, style of car and other features. The distribution of the number of months in service for the fleet of cars is bell-shaped and has a mean of 53 months and a standard deviation of 4 months. Using the \( 68-95-99.7 \) rule, what is the approximate percentage of cars that remain in service between 41 and 49 months? Do not enter the percent symbol. ans =
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Bonus Knowledge
To find the approximate percentage of cars that remain in service between 41 and 49 months using the \(68-95-99.7\) rule, we first determine how many standard deviations these values are from the mean. The mean is 53 months with a standard deviation of 4 months. Calculating the distances: - 49 months: \( (49 - 53) / 4 = -1 \) (1 standard deviation below the mean) - 41 months: \( (41 - 53) / 4 = -3 \) (3 standard deviations below the mean) According to the \(68-95-99.7\) rule: - Approximately 68% of the data falls within 1 standard deviation from the mean. - Approximately 99.7% of the data falls within 3 standard deviations from the mean. Since the range from 41 to 49 months includes all cars that are between 3 standard deviations below and 1 standard deviation below the mean, we look at the respective percentages: - Between 49 months (1 SD below) and 53 months (mean): 34% (half of 68%) - Between 41 months (3 SD below) and 49 months (1 SD below): 68% + 99.7% (between 3 SD and 1 SD) gives us approximately 95% of cars. Thus, the total percentage of cars that remain in service between 41 and 49 months is approximately \(95\) percent. ans = 95
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