subject
Mathematics, 18.12.2019 20:31 Leii691

Grear tire company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. management also believes that the standard deviation is 5000 miles and that tire mileage is normally distributed. to promote the new tire, grear has offered to refund some money if the tire fails to reach 30,000 miles before the tire needs to be replaced. specifically, for tires with a lifetime below 30,000 miles, grear will refund a customer $1 per 100 miles short of 30,000.

for each tire sold, what is the expected cost of the promotion? if required, round your answer to two decimal places.

what is the probability that grear will refund more than $50 for a tire? if required, round your answer to three decimal places.

what mileage should grear set the promotion claim if it wants the expected cost to be $2.00? if required, round your answer to the hundreds place.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
Adriver from the university of florida women’s swimming and diving team is competing in the in ncaa zone b championships
Answers: 3
question
Mathematics, 21.06.2019 18:00
Given: and prove: what is the missing reason in the proof? given transitive property alternate interior angles theorem converse alternate interior angles theorem
Answers: 1
question
Mathematics, 21.06.2019 19:30
You are designing a rectangular pet pen for your new baby puppy. you have 30 feet of fencing you would like the fencing to be 6 1/3 feet longer than the width
Answers: 1
question
Mathematics, 21.06.2019 23:30
Atown has a population of 12000 and grows at 3.5% every year. what will be the population after 7 years, to the nearest whole number?
Answers: 3
You know the right answer?
Grear tire company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles....
Questions
question
Biology, 23.05.2021 16:40
question
Mathematics, 23.05.2021 16:40
question
English, 23.05.2021 16:50
question
Social Studies, 23.05.2021 16:50
question
Mathematics, 23.05.2021 16:50
question
Arts, 23.05.2021 16:50