Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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:

  1. What is the probability that the cost will be more than $450?
  2. What is the probability that the cost will be less than $250?
  3. What is the probability that the cost will be between $250 and $450?
  4. If the cost for your car repair is in the lower 5% of automobile repair charges, what is your cost?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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 of Database Management

Authors: Philip J. Pratt, Mary Z. Last

8th edition

1285427106, 978-1285427102

Students also viewed these Mathematics questions