Question
A mechanic sells a brand of automobile tire that has a life expectancy that is normally distributed, with a mean life of 30,000 miles and
A mechanic sells a brand of automobile tire that has a life expectancy that is normally distributed, with a mean life of 30,000 miles and a standard deviation of 2200 miles. He wants to give a guarantee for free replacement of tires that don't wear well. How should he word his guarantee if he is willing to replace approximately 10% of the tires? A mechanic sells a brand of automobile tire that has a life expectancy that is normally distributed, with a mean life ofmiles and a standard deviation ofmiles. He wants to give a guarantee for free replacement of tires that don't wear well. How should he word his guarantee if he is willing to replace approximately 10% of the tires?
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