subject
Business, 28.11.2019 05:31 beserkerbradley7985

Problem 16-03 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. 0.011 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. miles

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 16:40
Job applications give employers uniform information for all employees,making it easier to
Answers: 1
question
Business, 23.06.2019 01:50
Mart's boutique has sales of $820,000 and costs of $540,000. interest expense is $36,000 and depreciation is $59,000. the tax rate is 21 percent. what is the net income? $146,150 221,200 105,000 139,050
Answers: 3
question
Business, 23.06.2019 11:30
1. what are some of the barriers alibaba is facing as it expands globally?
Answers: 3
question
Business, 23.06.2019 13:00
According to the weather forecast, there will be at least 40.5 inches of rainfall next year is an example of which type of probability
Answers: 1
You know the right answer?
Problem 16-03 grear tire company has produced a new tire with an estimated mean lifetime mileage of...
Questions
question
Arts, 19.11.2020 19:30
Questions on the website: 13722367