You are responsible for determining the mileage
Question # 00489310
Posted By:
Updated on: 02/23/2017 03:50 AM Due on: 02/23/2017
You are responsible for determining the mileage at which the motorcycle warranty will expire. The average miles driven before a major repair is 19,300 miles with standard deviation of 2,550 miles. Management informed you they want no more than 6% of the motorcycle repairs to be covered by the warranty.
What would be the most reasonable number of miles at which the warranty will expire?
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Rating:
/5
Solution: You are responsible for determining the mileage