Sure Stone Tire Company Has Established That the Useful Life

question 98

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.What is the probability that a randomly selected tire of this brand has a life of at least 50,000 miles?

• A)0.0228
• B)0.9772
• C)0.5000
• D)0.4772
• E)1.0000

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Definitions:

Social Insurance Program

A government program designed to provide protection against unpredictable financial distress.

Financial Distress

A condition where a company or individual cannot meet or has difficulty meeting financial obligations, leading to potential bankruptcy or restructuring.

Means-Tested Programs

are government assistance programs intended for individuals or families whose incomes and assets fall below specified thresholds.

Temporary Assistance

Short-term aid or support provided by governments or organizations to individuals facing financial hardship or disasters.