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...
icon
Related questions
Question
Automobile repair costs continue to rise with the average cost now at $367 per repairt 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 $4907 (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.)
(c) What is the probability that the cost will be between $230 and $4007 (Round your answer to four decimal places)
(d) 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.)
S
Transcribed Image Text:Automobile repair costs continue to rise with the average cost now at $367 per repairt 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 $4907 (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.) (c) What is the probability that the cost will be between $230 and $4007 (Round your answer to four decimal places) (d) 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.) S
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON