Question

In: Statistics and Probability

Based on what you observe here, would you recommend changing or keeping the warranty that goes...

Based on what you observe here, would you recommend changing or keeping the warranty that goes along with this type of tire? If you change it, what would you recommend it to be? You must explain what are the possible pros and cons of your recommendations? While you don't need to do a financial analysis, present some of the costs that you considered in making your decisions. A tire company is testing their mileage warranty of 30,000 miles.

Tire #

Mileage

1

30564

2

28886

3

29822

4

29326

5

31535

6

31880

7

28376

8

29664

9

25001

10

31981

11

31048

12

29672

13

33267

14

31512

15

35228

16

27089

17

31372

18

32749

19

28670

20

31683

21

34551

22

31811

23

29535

24

25741

25

28874

26

28535

27

28444

28

27504

29

32179

30

31491

31

29531

32

29715

33

30103

34

33841

35

28462

36

29535

37

34548

38

28165

39

30817

40

34027

41

31802

42

31878

43

31972

44

30650

45

31514

46

28820

47

32669

48

33534

49

30598

50

29459

Solutions

Expert Solution

Let denotes true average mileage.


Related Solutions

would you recommend to invest in amazon? what your recomendation is based on
would you recommend to invest in amazon? what your recomendation is based on
1. Based on your stakeholder engagement, what CSR policies/initiatives would you recommend to the owners? -...
1. Based on your stakeholder engagement, what CSR policies/initiatives would you recommend to the owners? - Describe how they would help the business - Conceptualize the return on investment - How do these CSR initiatives move in the same direction as the community as identified in stakeholder engagement?
Based only on the concept of demand elasticity: When would you recommend raising the price of...
Based only on the concept of demand elasticity: When would you recommend raising the price of the good? Explain why. When would you recommend lowering the price of the good? Explain why. When would you recommend keeping the price of the good unchanged? Explain why.
Why would you need to create a datasheet? What information would you recommend putting into it?...
Why would you need to create a datasheet? What information would you recommend putting into it? Why? Please answer in your own word. 2-3 paragraph
Briefly explain what you would observe if you used the test described in (a) on a...
Briefly explain what you would observe if you used the test described in (a) on a solution that needed more NaOH solution
1.Based on your understanding of reach and frequency, would you recommend a company advertise during the...
1.Based on your understanding of reach and frequency, would you recommend a company advertise during the Super Bowl? Why or why not? Would your answer vary depending on the type of business running the ad?
Based on your literature findings (above), would you recommend the use of budgeting for contemporary organisations...
Based on your literature findings (above), would you recommend the use of budgeting for contemporary organisations for planning and control purpose? (500 words)
Based on the analysis of the four proposals below, which one would you recommend? Explain your...
Based on the analysis of the four proposals below, which one would you recommend? Explain your reason and include the meaning of the capital analysis methods. Think of how you might communicate your analysis to others that don’t know what these methods are about.     (12 points) Proposal Cash Payback Period Average Rate of Return Net Present Value Present Value Index A 4 5% $   (71,260) 0.8416 B 2.33 18%         26,200 1.1310 C 3.5 15%           1,350 1.0042 D 3...
What are the primary challenges for Alibaba? What changes, if any, would you recommend to this...
What are the primary challenges for Alibaba? What changes, if any, would you recommend to this firm?
What are the problems with incarceration as the primary sentence? What alternatives would you recommend? What...
What are the problems with incarceration as the primary sentence? What alternatives would you recommend? What sentencing philosophy supports your favorite alternative? How are those alternatives supposed by a sentencing philosophy?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT