QUESTION 15A minimum mileage guarantee on the tires of a tire manufacturing company is being considered to be set. When the cormpany conducted many tire tests, it revealed that the meanmiksage has a normal distribution with mean 4,743 and standard deviation 60The tire manufacturer wants to set the minimum guaranteed mileage so that no more than 2.5 percent of tires will have to be exchanged.Calculate the Lower limit of guaranteed mikeage?(Round answer to lwo decimal places ex. 2.09)

Given Data : Population Mean,μ = 4743.0 Population Standard Deviation,σ = 60.0

Answered: QUESTION 15 A minimum mileage guarantee…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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