A sales representative for a tire manufacturer claims that the company 's steel belted radials last at least 35,000 miles A tire dealer decides to check that claim by testing eight of the tires If 75 or more of the eight tires he tests last at least 35,000 miles, he will purchase tires from the sal...

n 8 p 09 75 of 8 is 6 He will purchase tires fr ...

A sales representative for a tire manufacturer claims that the company's steel-belted radials last at least 35,000

Question:

A sales representative for a tire manufacturer claims that the company's steel-belted radials last at least 35,000 miles. A tire decides to check that claim by testing eight of the tires. If 75% or more of the eight tires he tests last at least 35,000 miles, he will purchase tires from the sales representative. If, in fact, 90% of the steel-belted radials produced by the manufacturer last at least 35,000 miles, what is the probability that the tire will purchase tires from the sales representative?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...