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Name: The Greer Tire company manufactures a new steel-belted radial tire to
Uploaded: 2024-03-20T07:07:26.000Z
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Description: The Greer Tire company manufactures a new steel-belted radial tire to be sold through a national chain of discount stores. Because the tire is a new product, Greer’s managers believe that the mileage guarantee offered with the tire will be an import

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Greer Tire company manufactures a new steel-belted radial tire to be sold through a national chain of discount stores. Because the tire is a new product, Greer’s managers believe that the mileage guarantee offered with the tire will be an important factor in the acceptance of the product. Let X = miles that the tires last:

X~N(60,000 2,500)

Find the mileage guarantee that ensures this company will repair no more than 15% of its product for free. Assume the distribution of tire mileage is normal.

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