Question: Given: Mean () = 22,000 miles Standard deviation () = 3,100 miles The manufacturer wants to ensure that no more than 3% of tires will

Given: Mean () = 22,000 miles Standard deviation () = 3,100 miles The manufacturer wants to ensure that no more than 3% of tires will qualify for a refund. We'll find the z-score corresponding to the 3rd percentile (since we want to ensure that 97% of tires do not qualify for a refund) and then use it to find the corresponding mileage value. First, let's find the z-score corresponding to the 3rd percentile: = invNorm ( 0.03 ) z=invNorm(0.03) Using a standard normal distribution table or calculator, we find 1.8808 z1.8808. Now, we use the z-score formula to find the minimum number of miles (X): = z= X 1.8808 = 22 , 000 3 , 100 1.8808= 3,100 X22,000 1.8808 3 , 100 = 22 , 000 1.88083,100=X22,000 5822.68 = 22 , 000 5822.68=X22,000 = 5822.68 + 22 , 000 X=5822.68+22,000 16 , 177.32 X16,177.32 Rounded to the nearest whole number, the minimum number of miles the manufacturer should guarantee that the tires will last is 16,177 miles. Therefore, the correct option is 16,170

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!