Question: Pirelli tire company's snow and mud tires have an average lifetime of 80,000 miles with a standard deviation of 2,000 miles. We take 500 samples
Pirelli tire company's snow and mud tires have an average lifetime of 80,000 miles with a standard deviation of 2,000 miles.
We take 500 samples of 10 tires from our production chain. Answer the following questions.
a) Create 500 random samples of 10 tires.
b) Calculate the sample average for each sample.
c) Calculate the mean and standard deviation of sample averages.
d) Create a histogram of sample averages. Start from 78000 with the bin size of your choice.
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