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QUESTION 5       The Layton Tire and Rubber Company wishes to set a minimum mileage guarantee on its new...

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Statistics

QUESTION5      

The Layton Tire and Rubber Company wishes to set a minimummileage guarantee on its new MX100 tire. Tests reveal the meanmileage is 67900 with a standard deviation of 2050 miles and thatthe distribution of miles follows the normal distribution. Theywant to set the minimum guarantee mileage so that no more than 4percent of tires will be replaced. What minimum guaranteed mileageshould Layton announce?

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SolutionGiven The Layton Tire and Rubber Companys tirehasthe mean mileage is 67900 with a standard deviationof 2050 miles    See Answer
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