Greatmonth Tire Company has tested its new Roadslogger all-weather tire, and found that it has an average
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Question:
Greatmonth Tire Company has tested its new Roadslogger® all-weather tire, and found that it has an average life of 64,000 miles with a standard deviation of 4,000 miles.
a) If Greatmonth Tire has a full guarantee for 60,000 miles, what percentage of all tires sold would they expect to replace?
b) If Greatmonth Tire wanted to replace 5% or fewer of their tires, how long should the warranty be?
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