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What is the probability that a set of tires wears

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Question: A tire manufacturer warranties its tires to last at least 20,000 miles or "you get a new set of tires." In its experience. a set of these tires last on average 28,000 miles with SD 5,000 miles. Assume that the wear is normally distributed. The manufacturer pro?ts $100 on each set sold, and replacing a set costs the manufacturer $400.

What is the probability that a set of tires wears out before 20,000 miles? The probability is that a set of tires wears out before 20,000 miles. (Round to four decimal places as needed.)

Reference no: EM132743284

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