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) 0811 (b) What is the probability that the cost will be less than $2307 (Round your answer to four decimal places) ( What is the probability that the cost will be between $230 and $4907 (Round your answer to four decimal places) (6) 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.)
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) 0811 (b) What is the probability that the cost will be less than $2307 (Round your answer to four decimal places) ( What is the probability that the cost will be between $230 and $4907 (Round your answer to four decimal places) (6) 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.)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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