Question

Mitomobile Cost continere with the average cost sowat $367 per react Assume that the cost to (a) What the probably that the c
0 0
Add a comment Improve this question Transcribed image text
Answer #1

@ P(x > 480 ) = A = pl X-4 X 480-3677 Lot 88 =P(Z > 128) Our brist 1- P(Z <1-28) - 0.9004Z JP(x>480) = 0.ogg 6 l a do the cosC 220-3677 6 P(X 2220) =P [X-4 88 =PL z < -147 - due to symmetry - = P(z L - 1.67) =plz > 1.67) on - 1-PCZE 1-67) = -0.9526 =(d) P(xca) = 0.05 P[ X-ca-7-005 Plze a - 3677 -0.05 -0 - from normal prob table P(Z <.1.645 ) = 0.05 from egn. 4 9-367 =-1-

Add a comment
Know the answer?
Add Answer to:
Mitomobile Cost continere with the average cost sowat $367 per react Assume that the cost to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Automobile repair costs continue to rise with the average cost now at $367 per repair.† Assume...

    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. (b) What is the probability that the cost will be less than $260? (Round your answer to four decimal places.) (c) What is the probability that the cost will be between $260 and $480? (Round your answer to...

  • Automobile repair costs continue to rise with the average cost now at $367 per repair. Assume...

    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 $450? (Round your answer to four decimal places.) (b) What is the probability that the cost will be less than $220? (Round your answer to four...

  • Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S....

    Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S. News & World Report website, January 5, 2015). 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 $450? b) What is the probability that the cost will be less than $250? c) What is...

  • Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S....

    Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S. News & World Report website, January 5, 2015). 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 $450 (to four decimals)? b. What is the probability that the cost will be less than $250...

  • 1. Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total...

    1. Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable Cost (TVC) Average Variable Cost (AVC) Total Cost (TC) Average Total Cost (ATC) Marginal Cost (MC) 0 $200 $0 $200 1 $200 (A) 30 (H) 230 (M) (S) 2 $200 (B) 50 (I) 250 (N) (T) 3 $200 (C) (F) $26.67 (K) (P) (U) 4 $200 (D) 130 (J) 330 (Q) (V) 5 $200 (E) (G) $40 (L) (R) (W) Refer to Exhibit...

  • The average price of a new iPhone is $800. Assume the price follows a normal distribution...

    The average price of a new iPhone is $800. Assume the price follows a normal distribution with a standard deviation of $50. 1. What is the probability that a randomly selected iPhone sells for less than $750? 2. What is the probability that a randomly selected iPhone sells for more than $880? 3. What is the probability that a randomly selected iPhone sells between $770 and $840?

  • Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable...

    Exhibit 22-13 Quantity of Output (Q) Total Fixed Cost (TFC) Average Fixed Cost (AFC) Total Variable Cost (TVC) Average Variable Cost (AVC) Total Cost (TC) Average Total Cost (ATC) Marginal Cost (MC) 0 $200 $0 $200 1 $200 (A) 30 (H) 230 (M) (S) 2 $200 (B) 50 (I) 250 (N) (T) 3 $200 (C) (F) $26.67 (K) (P) (U) 4 $200 (D) 130 (J) 330 (Q) (V) 5 $200 (E) (G) $40 (L) (R) (W) Refer to Exhibit 22-13.  What...

  • % 7.4.12-T Question Help Assume the average price for a movie is $11.62. Assume the population...

    % 7.4.12-T Question Help Assume the average price for a movie is $11.62. Assume the population standard deviation is $0.55 and that a sample of 36 theaters was randomly selected. Complete parts a through d below. a. Calculate the standard error of the mean. 0- = 5.0917 (Round to four decimal places as needed.) b. What is the probability that the sample mean will be less than $11.79? P(x<$11.79) = 9678 (Round to four decimal places as needed.) c. What...

  • Question 3 The average yearly cost per household of owning a dog is $186.80. Suppose that...

    Question 3 The average yearly cost per household of owning a dog is $186.80. Suppose that we randomly select 50 households that own a dog. Assume o = $32.00. What is the probability that the sample mean for these 50 households is between $195 and $200?

  • You may need to use the appropriate appendix table to answer this question. Automobile repair costs...

    You may need to use the appropriate appendix table to answer this question. 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.) (b) What is the probability...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT