Question
Toronto Hydro hired a researcher to investigate the monthly household electricity bills. According to his research, the average monthly household electricity bill is $125.00. Suppose
Toronto Hydro hired a researcher to investigate the monthly household electricity bills.
According to his research, the average monthly household electricity bill is $125.00.
Suppose the monthly household electricity bills are normally distributed with a standard deviation of $11.35.
a) What is the probability that a randomly selected monthly household electricity bill is as high as $135.50 and as low as $95.00?
b) Solve this part independently. Suppose that the monthly household electricity bill of another geographical location is normally distributed with a standard deviation of $12.45. If 73.56% of the monthly household electricity bills are greater than $99.00, what is the mean of the monthly household electricity bills?
c) Solve this part independently. The Toronto Hydro's monthly commercial electricity bill is uniformly distributed and lies between $1300 and $1525. What is the probability that the monthly commercial electricity bill is more than $1325.
d) Solve this part independently. Suppose the height of uniform distribution iscalculated at 1/4 and P (X > 4) = 1/2. What is the range of this distribution?
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