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Business, 20.07.2021 23:50 bearbri4520

A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with a standard deviation of 2,050 miles and the distribution is a normal distribution. The manufacturer wants to set the minimum guaranteed mileage so that no more than 4% of the tyres will have to be replaced. What minimum guaranteed mileage should the manufacturer announce

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A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the...
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