4PM - Problem Grear Tire Company has produced a new tire...

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(a) For each tire sold, what is the expected cost of the promotion? Problem: Grear Tire Company has produced a new tire with an estimated mean lifetime mileage distributed. To promote the new tire, Grear has offered to refund some money if the tire fails to will refund a customer $1 per 100 miles short of 30,000
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