Question: What is the answer to c) and d) below: (c) Assume that the cost incurred for any one customer is independent of that for any

What is the answer to c) and d) below:

(c) Assume that the cost incurred for any one customer is independent of that for any other customer. Then there is a 90% chance that the total cost incurred from this recall notice will be $_________ or less. (Show all steps of your work in order to receive partial credit for incorrect answers.)

(d) Assume that the cost incurred for any one customer is independent of that for any other customer, and suppose that the manufacturer sets aside $3.16 million to cover the costs of the recall notice. What is the probability that they do not cover all the costs?

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