Mathematics, 18.03.2021 02:50 babiibri4771
A tire company has developed a new steel-belted radial tire. Intensive testing indicates dilation of mileages obtained by all tires of this new type is normally distributed with a mean of 36,483 miles and a standard deviation of 3,734 miles. The company wishes to offer a guarantee providing a discount on a new set of tires if the original tires purchased Do not exceed the mileage stated in the guarantee. What should the guaranteed mileage be if the company desires at no more than 2 percent of the tires will fall to meet the guaranteed mileage?
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