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The tread lives of Super Titan radial tires under normal driving conditions are normally distributed with a mean of 42,000 mi and a standard deviation of 5,000 mi. What is the probability that a tire selected at random will have a tread life of more than 35,000 mi? Round your answer to four decimal places, if necessary.
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If four new tires are installed on a car and they experience even wear, determine the probability that all four tires still have useful tread lives after 35,000 mi of driving. Round your answer to four decimal places, if necessary.
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Exert Influence
The ability to affect the decisions, actions, or behaviors of others, often seen in corporate or organizational settings.
Investee Company
A company in which an investor holds a significant interest but not majority control, usually through the ownership of shares.
Ownership
The state or fact of legal possession and control over property, which can include both tangible assets like real estate and intangible ones like intellectual property.
Stock
Shares of ownership in a corporation, representing a claim on part of its assets and earnings.
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