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 four decimal places.)
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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...
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 (to four decimals)? b. What is the probability that the cost will be less than $250...
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...
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...
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 $460? (Round your answer to four decimal places.) (b) What is the probability...
7. -11 points ASWSBE13 6.E.019. BM You may need to use the appropriate appendix table to...
7. -11 points ASWSBE13 6.E.019. BM 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 auton repair is normally distributed with a standard deviation of $88. Answer the following questions about the cost of automobi repairs. (a) What is the probability that the cost will be more than $470? (Round your answer to four decimal...
Mitomobile Cost continere with the average cost sowat $367 per react Assume that the cost to...
Mitomobile Cost continere with the average cost sowat $367 per react Assume that the cost to (a) What the probably that the cost wi t h yo u r (b) What is the probability that will be less than $2202 (Round you to our data (6) What is the probability that the cost will be between $750 and 54007 Ground your answer to your doomal oloom) 330 X $200 x
An automobile insurer has found that repair claims are Normally distributed with a mean of $890...
An automobile insurer has found that repair claims are Normally distributed with a mean of $890 and a standard deviation of $850. (a) Find the probability that a single claim, chosen at random, will be less than $840. ANSWER: (b) Now suppose that the next 100 claims can be regarded as a random sample from the long-run claims process. Find the probability that the average x¯ of the 100 claims is smaller than $840. ANSWER: (c) If a sample larger...
An automobile insurer has found that repair claims are Normally distributed with a mean of $580...
An automobile insurer has found that repair claims are Normally distributed with a mean of $580 and a standard deviation of $530. (a) Find the probability that a single claim, chosen at random, will be less than $560. ANSWER: (b) Now suppose that the next 100 claims can be regarded as a random sample from the long-run claims process. Find the probability that the average x¯ of the 100 claims is smaller than $560. ANSWER: (c) If a sample larger...
1. The average amount parents and children spent per child on back-to-school clothes in Autumn 2010...
1. The average amount parents and children spent per child on back-to-school clothes in Autumn 2010 was $527. Assume the standard deviation is $160 and that the amount spent is normally distributed. What is the probability that the amount spent on a randomly selected child is more than $700? (Round to four decimal places) What is the probability that the amount spent on a randomly selected child is less than $100? (Round to four decimal places) What is the probability...
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. 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...
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...
7. -11 points ASWSBE13 6.E.019. BM 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 auton repair is normally distributed with a standard deviation of $88. Answer the following questions about the cost of automobi repairs. (a) What is the probability that the cost will be more than $470? (Round your answer to four decimal...
Mitomobile Cost continere with the average cost sowat $367 per react Assume that the cost to (a) What the probably that the cost wi t h yo u r (b) What is the probability that will be less than $2202 (Round you to our data (6) What is the probability that the cost will be between $750 and 54007 Ground your answer to your doomal oloom) 330 X $200 x
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