9) Several cars parked in a large parking lot sustain hail damage during a storm. The...
9) Several cars parked in a large parking lot sustain hail damage during a storm. The repair costs for the cars are uniformly distributed between $100 and $600.
A car is selected at random from the lot. Find the probability that the repair costs for the car are less than $405.
Provide an exact answer.
Homework Answers
Solution :
Given that,
a = $100
b = $600
P(x < c) = (c - a) / (b - a)
P(x < $405) = (405 - 100) / (600 - 100) =305/500=0.61
probability=0.61
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