https://quizanswered.com/wp-content/uploads/2021/06/logo-300x75.png 0 0 admin https://quizanswered.com/wp-content/uploads/2021/06/logo-300x75.png admin2023-03-29 18:35:582023-03-29 18:35:58Computing normal probability 1 | Management homework help
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Computing normal probability 1 | Management homework help
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:
- What is the probability that the cost will be more than $450?
- What is the probability that the cost will be less than $250?
- What is the probability that the cost will be between $250 and $450?
- If the cost for your car repair is in the lower 5% of automobile repair charges, what is your cost?