Wear ever tires have a track record of lasting 56000 miles, Microeconomics

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Wear ever tires have a track record of lasting 56000 miles

Wear ever tires have a track record of lasting 56,000 miles on average, with a standard deviation of 8,000 miles, and a normal distribution.

1. What is the chance that a given tire wills last 50,000 miles?

2. What is the chance that all four Wear ever tires on my car will last 50,000 miles?

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Microeconomics: Wear ever tires have a track record of lasting 56000 miles

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Microeconomics: Wear ever tires have a track record of lasting 56000 miles

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