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December 21, 2014

Homework Help: Statistics

Posted by Pat on Friday, September 18, 2009 at 12:19am.

A tire manufacturer wishes to set a minimum mileage guarantee on a new set of tires. The mean is 67,900 with a standard deviation of 2,050. The manufacturer wants to set a minimum guaranteed mileage so that no more than 4% of the tires will have to be replaced. What should the minimum mileage be?

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