A mechanic sells a brand of automobile tire that has a life expectancy that is normally...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A mechanic sells a brand of automobile tire that has a life expectancy that is normally distributed, with a mean life of 29,000 miles and a standard deviation of 2800 miles. He wants to give a guarantee for free replacement of tires that don't wear well. How should he word his guarantee if he is willing to replace approximately 10% of the tires? Click to view page 1 of the table Click to view page 2 of the table. Tires that wear out by miles will be replaced free of charge. (Round to the nearest mile as needed.) A mechanic sells a brand of automobile tire that has a life expectancy that is normally distributed, with a mean life of 29,000 miles and a standard deviation of 2800 miles. He wants to give a guarantee for free replacement of tires that don't wear well. How should he word his guarantee if he is willing to replace approximately 10% of the tires? Click to view page 1 of the table Click to view page 2 of the table. Tires that wear out by miles will be replaced free of charge. (Round to the nearest mile as needed.)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these mathematics questions
-
A random variable X is normally distributed with a mean of 100 and a variance of 100 and a random variable Y is normally distributed with a mean of 200 and a variance of 400. The random variables...
-
A random variable X is normally distributed with a mean of 100 and a variance of 100, and a random variable Y is normally distributed with a mean of 200 and a variance of 400. The random variables...
-
A random variable X is normally distributed with a mean of 100 and a variance of 100, and a random variable Y is normally distributed with a mean of 200 and a variance of 400. The random variables...
-
Besides warehouse layout decisions, what are some other applications where ranking items according to bang/buck might make sense?
-
(a) Of the 25-1 = 24 = 16 compositions of 5, determine how many start with (i) 1. (ii) 2. (iii) 3. (iv) 4. (v) 5. (b) Provide a combinatorial proof for the result in part (a) of Exercise 2.
-
Use the following table, which shows the number of cars and trucks that used the Pennsylvania Turnpike on a particular day. The number of cars and trucks that used, and did not use, the E-Z Pass on...
-
Purina entered in a contract with the defendant to sell the defendant piglets, known as weanlingsbaby pigs that have been weaned. It is uncontested that the buyer breached and that Purina is entitled...
-
Fernandez Corp. invested its excess cash in available-for-sale securities during 2012. As of December 31, 2012, the portfolio of available-for-sale securities consisted of the following common...
-
What do you mean by Hardware Software Interface? Give a concrete example. Define the two principle integrity rules for the relational model. Discuss why it is desirable to enforce these rules.
-
Assets 101 Cash Eli's Consulting Services Chart of Accounts 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142 Accumulated Depreciation- Equipment...
-
Below is a payroll sheet for Sheffield Import plc for the month of September 2020. Assume a 10% income tax rate for all employees and an 8% Social Security tax on employee and employer. Name B.D....
-
Turkey is facing a number of challenges, including sluggish economic growth, elevated unemployment rates, and escalating prices. The situation is aggravated by rampant inflation and dwindling...
-
Consider the same setting as in Problem 2 with two potential buyers and known distribution functions: F1(1) = 1 and F2(2) = 22 2 on [0, 1] (that is, the maximum possible value = 1). (a) Write the...
-
snoop, a world famous rapper, is scheduled to give a concert in the Melbourne super bowl in the june 2023. Jo loves this music. she lives in taree, NSW. She sees the advertisement on Facebook in...
-
1. Calculate the forbidden energy gap Eg of germanium at 300 K from the following data: intrinsic atom concentration for germanium is 5.56 1018 m, m* = 0.05m, m, 0.37m.
-
Checks and balances play a vital role in the business landscape, ensuring accountability and transparency. Understanding a company's financial health remains a perpetual necessity. Through this...
-
Retained earnings and balance sheet data: Accounts payable $194,300 Accounts receivable 545,000 Accumulated depreciationoffice buildings and equipment 1,580,000 Accumulated depreciationstore...
-
It is possible to investigate the thermo chemical properties of hydrocarbons with molecular modeling methods. (a) Use electronic structure software to predict cHo values for the alkanes methane...
-
On Campus Research recently reported that 46% of college students aged 18 24 would spend their spring breaks relaxing at home. A sample of 155 college students was selected. a. Calculate the standard...
-
The following table shows the final exam scores for the students from my last statistics class: Determine the percentile ranks for the following scores: a. 70 b. 75 c. 82 d. 90 78 100 88 84 73 78 70...
-
Baggage fees charged by airlines have received much attention recently as the industry has looked for ways to increase revenue without directly increasing fares. American Airlines would like to...
-
Which of Stosurs statements regarding ETF mechanics is correct? A. Statement 1 B. Statement 2 C. Statement 3 Howie Rutledge is a senior portfolio strategist for an endowment fund. Rutledge meets with...
-
Factor (smart beta) strategy ETFs are least likely to be used by investors: A. to modify portfolio risk. B. for tactical trading purposes. C. to seek outperformance versus a benchmark.
-
Given the current pricing of ETF 1, the most likely transaction to occur is that: A. new ETF shares will be created by the APs. B. redemption baskets will be received by APs from the ETF sponsor. C....
Study smarter with the SolutionInn App