Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mrs. Jacobsin would like to purchase a new 750 to 1000 CC racing motorcycle. Costs of such motorcycles are known to be normally distributed, with
- Mrs. Jacobsin would like to purchase a new 750 to 1000 CC racing motorcycle. Costs of such motorcycles are known to be normally distributed, with a mean of $13422 and a standard deviation of $2544. If he is to purchase one motorcycle.
a)What is the probability that it will cost more than $15550?
b)What is the probability that is will cost more than $ 12250?
c)What is the probability that it will cost between $ 12250 and $ 17000?
d)What costs separate the middle 85% of all motorcycles from the rest of the motorcycles
e)What cost separates the top 11 % of all motorcycles from the rest of the motorcycles
Can you show work please and draw distribution if possible
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started