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QUESTION 15 A 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 mean miksage has a normal distribution with mean 4,743 and standard deviation 60 The 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 mileage? (Round answer to two decimal places ex. 2.09)

QUESTION 15 A 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 mean miksage has a normal distribution with mean 4,743 and standard deviation 60 The 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 mileage? (Round answer to two decimal places ex. 2.09)

A First Course in Probability (10th Edition)
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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QUESTION 15 A 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 mean miksage has a normal distribution with mean 4,743 and standard deviation 60 The 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)
Transcribed Image Text:QUESTION 15 A 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 mean miksage has a normal distribution with mean 4,743 and standard deviation 60 The 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)
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