Posted: December 11th, 2022
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?
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