MP-3 players are wonderful devices for people who want to have access to their favorite music and videos in a portable format. They can store massive numbers of songs and videos. Although owners have...


MP-3 players are wonderful devices for people who want to have access to their favorite music and videos in a portable format. They can store<br>massive numbers of songs and videos. Although owners have the potential to store lots of data, suppose the actual disk storage being used is<br>normally distributed with a mean equal to 1.85 GB and a standard deviation of 0.61 GB. Consider a new company that is thinking of entering<br>the market with a low-cost device that has only 1.0 GB of storage. The marketing slogan will be

Extracted text: MP-3 players are wonderful devices for people who want to have access to their favorite music and videos in a portable format. They can store massive numbers of songs and videos. Although owners have the potential to store lots of data, suppose the actual disk storage being used is normally distributed with a mean equal to 1.85 GB and a standard deviation of 0.61 GB. Consider a new company that is thinking of entering the market with a low-cost device that has only 1.0 GB of storage. The marketing slogan will be "Why Pay for Storage Capacity That You Don't Need?" Based on this usage data, what percentage of owners, given their current usage, would have enough capacity with the new 1-GB player? Given their current usage, % of owners would have enough capacity. (Round to one decimal place as needed.)

Jun 07, 2022
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