A recent article in The Cincinnati Enquirer reported that the mean labor cost to repair a heat

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A recent article in The Cincinnati Enquirer reported that the mean labor cost to repair a heat pump is $90 with a standard deviation of $22. Monte's Plumbing and Heating Service completed repairs on two heat pumps this morning. The labor cost for the first was $75 and it was $100 for the second. Assume the distribution of labor costs follows the normal probability distribution. Compute z values for each and comment on your findings.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Basic Statistics For Business And Economics

ISBN: 9780073521473

8th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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