Estimate of the average tread life

Reference no: EM1319089

1. Suppose a research firm conducted a survey to determine the average amount of money steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20 and the sample standard deviation is $5. What is the probability that a sample of 100 steady smokers spend between $19 and $21?

2. Mileage tests were conducted on a randomly selected sample of 100 newly developed automobile tires. The average tread wear was found to be 50,000 miles with a standard deviation of 3,500 miles. What is the best estimate of the average tread life for the entire population of these tires?

Reference no: EM1319089

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