Question: Question 10 3 points Save Answer Company X-infinity Tire wants to draft a warranty policy for its newly introduced XL Speed line tires. The tires

 Question 10 3 points Save Answer Company X-infinity Tire wants to

Question 10 3 points Save Answer Company X-infinity Tire wants to draft a warranty policy for its newly introduced XL Speed line tires. The tires are expected to have an average lifetime mileage of 60,000 miles with the standard deviation of 500 miles. When the company conducts quality testing, it typically randomly samples 16 tires. The sample average for the first group of samples was 60,300. Approximately what fraction of the tires will have the average lifetime mileage of 55,000 miles or less? (Warning: some information is not relevant to the question and some key information may be missing.) O near zero O 7.6198% O does not have enough information to solve. O near 100%

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