Question: (Use Excels Norm.Dist and Norm.Inv functions, and show your work including the parameters you used) In an article about the cost of health care, Money

(Use Excels Norm.Dist and Norm.Inv functions, and show your work including the parameters you used)

In an article about the cost of health care, Money magazine reported that a visit to a hospital emergency room for something as simple as a sore throat has a mean cost of $328. Assume that the cost for this type of hospital emergency room visit is normally distributed with a standard deviation of $92. Answer the following questions about the cost of a hospital emergency room visit for this medical service.

(a)What is the probability that the cost will be more than $500?

(b)What is the probability that the cost will be less than $250?

(c)What is the probability that the cost will be between $300 and $400?

(d)If the cost to a patient is in the lower 8% of charges for this service, what was the cost of this patients emergency room visit?

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