[Step-by-Step] Syracuse Premium Tires (UK) Ltd. wishes to set a minimum mileage guarantee on its new SX4000 radial tire. Tests reveal the mean mileage is
Question:
Syracuse Premium Tires (UK) Ltd. wishes to set a minimum mileage guarantee on its new SX4000 radial tire. Tests reveal the mean mileage is 67,900 with a standard deviation of 2,050 miles and a normal distribution.
The manufacturer wants to set the minimum guaranteed mileage so that no more than 4 percent of the tires will have to be replaced.
What minimum guaranteed mileage should SP Tires announce?
Deliverable: Word Document 
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