A tire manufacturer warranties its tires to last at least 20198 miles or "you get a new set of tires." In its experience, a set of these tires lasts on average 26198 miles with standard deviation 5132 miles. Assume that the wear is normally distributed. The manufacturer profits Rs. 200 on each set sold, and replacing a set costs the manufacturer Rs. 400. What is the probability that a set of tires wears out before What is the probability that a set of tires wears out before 20198 miles? 24198 miles and after 20198 miles? What is tbe cutoff value in terms of mniles of the ton 66% wearing out tires

A tire manufacturer warranties its tires to last at least 20198 miles or "you get a new set of tires." In its experience, a set of these tires lasts on average 26198 miles with standard deviation 5132 miles. Assume that the wear is normally distributed. The manufacturer profits Rs. 200 on each set sold, and replacing a set costs the manufacturer Rs. 400. What is the probability that a set of tires wears out before What is the probability that a set of tires wears out before 20198 miles? 24198 miles and after 20198 miles? What is tbe cutoff value in terms of mniles of the ton 66% wearing out tires

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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