Sure Stone Tire Company Has Established That the Useful Life

question 10

Multiple Choice

Sure Stone Tire Company has established that the useful life of a particular brand of its automobile tires is normally distributed with a mean of 40,000 miles and a standard deviation of 5000 miles.Which probability most closely reflects that a randomly selected tire of this brand has a life between 30,000 and 50,000 miles?

• A)0.5000
• B)0.4772
• C)0.9544
• D)0.9772
• E)1.0000

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Definitions:

Net Income

The remaining profit of a company after all necessary subtractions, such as taxes and expenses, from its revenue.

Net Income

A company's remaining earnings after deducting all taxes and costs from the complete revenue.

Income Splitting

A tax strategy used to transfer income from a higher-tax-rate taxpayer to a lower-tax-rate taxpayer to reduce the total tax paid.

Salary Allowances

Additional monetary benefits provided to employees on top of their regular salary, potentially for specific purposes or expenses.