Question: Consider the tire-testing data in Exercise 8-27. Compute a 95% tolerance interval on the life of the tires that has confidence level 95%. Compare the

Consider the tire-testing data in Exercise 8-27.

Compute a 95% tolerance interval on the life of the tires that has confidence level 95%. Compare the length of the toler- ance interval with the length of the 95% Cl on the population mean. Which interval is shorter? Discuss the difference in interpretation of these two intervals.

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