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What is the probability that a set of tires wears out

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Problem - 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?

Reference no: EM132734706

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