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Assume that four months are chosen randomly, and determine the probability that at least one of the months has a price of the oxtail that is greater than $80.

Assume that four months are chosen randomly, and determine the probability that at least one of the months has a price of the oxtail that is greater than $80.

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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The monthly selling price of an oxtail is normally distributed with a mean of $70. The probability that the monthly price of the oxtail is less than $85 is given as 0.9332. Assume that four months are chosen randomly, and determine the probability that at least one of the months has a price of the oxtail that is greater than $80. a) 0.499 Ob) 0.599 c) 0.399 d) 0.699 e) None of the answers are correct
Transcribed Image Text:The monthly selling price of an oxtail is normally distributed with a mean of $70. The probability that the monthly price of the oxtail is less than $85 is given as 0.9332. Assume that four months are chosen randomly, and determine the probability that at least one of the months has a price of the oxtail that is greater than $80. a) 0.499 Ob) 0.599 c) 0.399 d) 0.699 e) None of the answers are correct
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