Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. [-/5 Points] DETAILS ASWSBE14 6.E.019. You may need to use the appropriate appendix table to answer this question. Automobile repair costs continue to rise

image text in transcribed
image text in transcribed
6. [-/5 Points] DETAILS ASWSBE14 6.E.019. You may need to use the appropriate appendix table to answer this question. Automobile repair costs continue to rise with the average cost now at $367 per repair. Assume that the cost for an automobile repair is normally distributed with a standard deviation of $88. Answer the following questions about the cost of automobile repairs. (a) What is the probability that the cost will be more than $490? (Round your answer to four decimal places.) (b) What is the probability that the cost will be less than $230? (Round your answer to four decimal places.) (c) What is the probability that the cost will be between $230 and $490? (Round your answer to four decimal places.) (d) If the cost for your car repair is in the lower 5% of automobile repair charges, what is your maximum possible cost in dollars? (Round your answer to the nearest cent.) $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Concepts In Set Theory

Authors: Mofidul Islam

1st Edition

9353146232, 9789353146238

More Books

Students also viewed these Mathematics questions

Question

hoW can falcon security use the cloud?

Answered: 1 week ago

Question

Justify the decision to use Access to store the piano database.

Answered: 1 week ago