The Life Expectancy of a Particular Brand of Tire Is

question 90

Multiple Choice

The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What is the probability that a randomly selected tire will have a life of at least 35,000 miles?

• A) 0.1587
• B) 0.8413
• C) 0.0000
• D) 1.0000

Apply basic mathematical skills to calculate final prices in trade scenarios.

Distinguish between different types of pricing strategies and their applications.

Describe the role of discounts, rebates, and allowances in determining the final price of products and services.

Analyze the impact of extra fees and surcharges on the overall cost to the consumer.

---

Definitions:

Overtime Pay

Additional compensation granted to employees for hours worked beyond their standard work schedule.

Crowdsourcing

Activity in which a large set of individuals, typically using information and communication technologies (ICTs), separately completes a task. The tasks best suited to crowdsourcing are those that can be decomposed into small units and then put back together, but it is also used to generate creative solutions to challenging problems.

Knowledge Management

The creation of systems to locate, produce, capture, curate, move, and capitalize upon knowledge for organizational benefit.

Digital Archive

An online repository that stores and provides access to digital copies of historical documents or media.