Question: You may need to use the appropriateappendix tableto answer this question. Automobile repair costs continue to rise with the average cost now at $367 per
You may need to use the appropriateappendix tableto 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 $430? (Round your answer to four decimal places.)
(b) What is the probability that the cost will be less than $250? (Round your answer to four decimal places.)
(c) What is the probability that the cost will be between $250and $430? (Round your answer to four decimal places.)
(d) If the cost for your car repair is in the lower 5% of automobile repair charges, what is your maximum possible cost in dollars? (Round your answer to the nearest cent.)
$
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
