Mathematics, 18.12.2019 20:31 Leii691
Grear tire company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. management also believes that the standard deviation is 5000 miles and that tire mileage is normally distributed. to promote the new tire, grear has offered to refund some money if the tire fails to reach 30,000 miles before the tire needs to be replaced. specifically, for tires with a lifetime below 30,000 miles, grear will refund a customer $1 per 100 miles short of 30,000.
for each tire sold, what is the expected cost of the promotion? if required, round your answer to two decimal places.
what is the probability that grear will refund more than $50 for a tire? if required, round your answer to three decimal places.
what mileage should grear set the promotion claim if it wants the expected cost to be $2.00? if required, round your answer to the hundreds place.
Answers: 3
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Ascientist studied a population of workers to determine whether verbal praise and/or tangible rewards affect employee productivity. in the study, some workers were offered verbal praise, some were offered tangible rewards (gift cards, presents, and some were offered neither. the productivity of each participant was measured throughout the study by recording the number of daily tasks completed by each employee. which inference might the scientists make based on the given information? a.) the number of daily tasks completed by each employee may influence the dependent variable, which is whether the employee receives verbal praise, tangible rewards, or neither. b.) verbal praise and/or tangible rewards may influence the independent variable, which is the number of daily tasks completed by each employee. c.) verbal praise and/or tangible rewards may influence the dependent variable, which is the number of daily tasks completed by each employee. d.) the dependent variables, which are verbal praise and tangible rewards, may influence the number of daily tasks completed by each employee.
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Grear tire company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles....
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