[Solved] 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. Furthermore, the standard deviation of tire life for all weather tires is 6,241.06 miles and the standard deviation of tire life for high performance tires is 10,824.07 miles.

EXTRA CREDIT-Using the probabilities you calculated in problem 2.1, show that the numbers given here for the standard deviation of each tire type are correct. Note: depending on rounding, the numbers you calculate may be slightly higher or lower than the ones given in the problem.
If Acme wanted to ensure that 95% of their tires exceeded the warrantee, what would they have to set their warrantee at for all weather tires? For high performance tires?

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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[Solved] 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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