Question

On average, a pair of bike tires can last 18 months if used every day. The...

On average, a pair of bike tires can last 18 months if used every day. The length of time bike tires can last is exponentially distributed. Eighty percent of bike tires last at most how long if used every day?

A. Less than 25 months

B. None of the above

C. Almost 29 months

D. About 40 months

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The solution is done showing all steps with calculations and necessary formulas. Hope you can understand.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1a) Assume the annual day care cost per child is normally distributed with a mean of...
1a) Assume the annual day care cost per child is normally distributed with a mean of $8000 and a standard deviation of $500. In a random sample of 120 families, how many of the families would we expect to pay more than $7295 annually for day care per child? P(x > 7295) = ____% The number of families that we expect pay more than $7295 is _____ 1b) A machine used to fill gallon-sized paint cans is regulated so that...
The Cherry & White Bike Company is a small closely-held company with two owners. Its two...
The Cherry & White Bike Company is a small closely-held company with two owners. Its two owners, Charlotte and George, have decided to expand the business. You are CWB’s accountant. Your responsibilities include maintaining all accounting records and preparing annual financial statements. CWB wants to take out a loan to expand its business in the coming year. The banks and lending institutions require a set of financial statements prepared under U.S. GAAP to evaluate CWB’s credit worthiness. You must prepare...
can I have solutions, please A random sample of 144 observations has a mean of 20,...
can I have solutions, please A random sample of 144 observations has a mean of 20, a median of 21, and a mode of 22. The population standard deviation is known to equal 4.8. The 95.44% confidence interval for the population mean is a. 15.2 to 24.8 b. 19.200 to 20.800 c. 19.216 to 20.784 d. 21.2 to 22.8 When the level of confidence decreases, the margin of error stays the same becomes smaller becomes larger becomes smaller or larger,...
Chapter 30 Money Growth and Inflation 1. Over the past 70 years, prices in the U.S....
Chapter 30 Money Growth and Inflation 1. Over the past 70 years, prices in the U.S. have risen on average about a. 2 percent per year. b. 4 percent per year. c. 6 percent per year. d. 8 percent per year. 2. Over the past 70 years, the overall price level in the U.S. has experienced a(n) a. 4-fold increase. b. 8-fold increase. c. 12-fold increase. d. 16-fold increase. 4. Inflation can be measured by the a. change in the...
An insurance company has one adjuster in the branch office. People with claims against the company...
An insurance company has one adjuster in the branch office. People with claims against the company are found to arrive in a Poisson fashion during an 8 to 5 workday. Determine the hourly service and arrival rates using an 8-hour workday. The amount of time that the adjuster spends with a claimant is exponentially distributed. Claimants are processed in the order of their arrival. You are the manager of this branch and you wanted to investigate service provided by your...
MATHEMATICS 1. The measure of location which is the most likely to be influenced by extreme...
MATHEMATICS 1. The measure of location which is the most likely to be influenced by extreme values in the data set is the a. range b. median c. mode d. mean 2. If two events are independent, then a. they must be mutually exclusive b. the sum of their probabilities must be equal to one c. their intersection must be zero d. None of these alternatives is correct. any value between 0 to 1 3. Two events, A and B,...
Please show work/formulas and financial calculator steps, if used. Answer as much as you can (The...
Please show work/formulas and financial calculator steps, if used. Answer as much as you can (The following information applies to Problems 1-4) The Collins Group, a leading producer of custom automobile accessories, has hired you to estimate the firm's weighted average cost of capital. The balance sheet and some other information are provided below. Assets Current assets                                        $ 38,000,000 Net plant, property, and equipment                    101,000,000 Total assets                                          $139,000,000 Liabilities and Equity Accounts payable                                      $ 10,000,000 Accruals                                                9,000,000 Current liabilities                                   $...
Q.16. The limit on the consumption bundles that a consumer can afford is known as o...
Q.16. The limit on the consumption bundles that a consumer can afford is known as o A. An indifference curve o B. The marginal rate of substitution o C. The budget constraint o D. The consumption limit Q.17. Suppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis, and if the price of pizza is $10 and the...
1. A random number generator is used to select a number from 1 to 500 ?(inclusively)....
1. A random number generator is used to select a number from 1 to 500 ?(inclusively). What is the probability of selecting the number 595 ? What is the probability? 2.Identify the sample space of the probability experiment and determine the number of outcomes in the sample space. -Randomly choosing an even number between 10 and 20, inclusive The sample space is? (Use a comma to separate answers) There are _____ outcomes in the sample space 3. Determine the number...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words “European unemployment.” Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT