Suppose a tire manufacturer
wants to set a minimum mileage
guarantee on the new Mx100. Test...
Mathematics, 04.05.2021 15:40 fheight01
Suppose a tire manufacturer
wants to set a minimum mileage
guarantee on the new Mx100. Test
reveal the mean mileage is 47,900
with a
Standard diviation of 2,050
miles and the distribution is a normal distribution . The Manufacturer
Wants to set the minimum of warranty
mileage so that no more
than 4%
of the tires will be replaced - What
Minimum guaranteed mileage should the
Manufacturer Announce?
Answers: 2
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