Stock valued at $49.50 decreases in value by 12% each year. How much will the stock be worth in 5 years? Round your answer to th
1 answer:
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Answer: 61,750 miles
Step-by-step explanation:
Given : The p-value of the tires to outlast the warranty = 0.96
The probability that corresponds to 0.96 from a Normal distribution table is 1.75.
Mean :
Standard deviation :
The formula for z-score is given by : -
Hence, the tread life of tire should be 61,750 miles if they want 96% of the tires to outlast the warranty.