Grear tire company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. management also believes that the standard deviation is 5,000 miles and that tire mileage is normally distributed. to promote the new tire, grear has offered to refund some money if the tire fails to reach 30,000 miles before the tire needs to be replaced. specifically, for tires with a lifetime below 30,000 miles, grear will refund a customer $1 per 100 miles short of 30,000. a) for each tire sold, what is the expected cost of the promotion? b) perform the simulation for 1000 times, what is the probability that grear will refund more than $50 for a tire?

How do you use the elimination method for this question? explain, because i really want to understand!

Arestaurant charges $100 to rent its banquet room for an event. it also charges $15 to serve dinner to each guest. write an equation for the total cost of the banquet room in terms of the number of guests. deine your variables. what is the total cost of the banquet room for 20 guests?

The null and alternate hypotheses are: h0: μ1 ≤ μ2 h1: μ1 > μ2 a random sample of 22 items from the first population showed a mean of 113 and a standard deviation of 12. a sample of 16 items for the second population showed a mean of 99 and a standard deviation of 6. use the 0.01 significant level. find the degrees of freedom for unequal variance test. (round down your answer to the nearest whole number.) state the decision rule for 0.010 significance level. (round your answer to 3 decimal places.) compute the value of the test statistic. (round your answer to 3 decimal places.) what is your decision regarding the null hypothesis? use the 0.01 significance level.