Mathematics, 02.12.2020 16:50 trevonkincade9p5hlin

Michelin Tire Company wishes to set a minimum mileage guarantee on its new MX100 tire. Tests reveal the mean mileage is 67,900 with a standard deviation of 2,050 miles and that the distribution of miles follows the normal probability distribution. Michelin wants to set the minimum guaranteed mileage so that no more than 4 percent of the tires will have to be replaced. What minimum guaranteed mileage should Michelin announce

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Michelin Tire Company wishes to set a minimum mileage guarantee on its new MX100 tire. Tests reveal...