Short Answer
Suppose that a tire manufacturer believes that the lifetimes of its tires follow a normal distribution with mean 48,000 miles and standard deviation 5,000 miles.
-If the manufacturer wants to issue a guarantee so that of its tires last for longer than the guaranteed lifetime, how many miles should it advertise as its guaranteed lifetime?
Correct Answer:
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Let 
denote the tire lifetime ...View Answer
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Correct Answer:
Verified
denote the tire lifetime ...View Answer
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