(Solution Library) Assume that Acme tire life is normally distributed and that both all weather tires and high performance tires have a mean life of 50,000 miles.
Question:
Assume that Acme tire life is normally distributed and that both all weather tires and high performance tires have a mean life of 50,000 miles.
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Using the probabilities you calculated in problem 2.1, calculate the standard deviations of tire life for both tire types. - If Acme wanted to ensure that 95% of their tires exceeded the 40,000 mile threshold, what would they have to set their warrantee at for All Weather tires? For high performance tires?
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