Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 35,500 miles. Management also believes that the standard deviation is 4500 miles and that tire mileage is normally distributed. Use a worksheet to simulate the miles obtained for a sample of 500 tires.

(a) Use the Excel COUNTIF function to determine the number of tires that last longer than 40,000 miles. What is your estimate of the percentage of tires that will exceed 40,000 miles? ___%

(b) Use COUNTIF to find the number of tires that obtain mileage less than 32,000 miles. Then find the number with less than 30,000 miles and the number with less than 28,000 miles.

Mileage	Approximate Percentage
Less than 32,000	____ %
Less than 30,000	____ %
Less than 28,000	____ %

(c) If management would like to advertise a tire mileage guarantee such that approximately no more than 10% of the tires would obtain mileage low enough to qualify for the guarantee, what tire mileage considered in part (b) would you recommend for the guarantee?

Select an option below:

A. (30,000 miles or 28,000 miles)

B. (32,000 miles or 28,000 miles)

C. (30,000 miles or 32,000 miles)