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Assume that the mean hourly cost to operate a commercial airplane follows the normal
Chapter 0, Problem 25(choose chapter or problem)
QUESTION:
Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,100 per hour and a standard deviation of $250. What is the operating cost for the lowest 3 percent of the airplanes?
Questions & Answers
QUESTION:
Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,100 per hour and a standard deviation of $250. What is the operating cost for the lowest 3 percent of the airplanes?
ANSWER:Step 1 of 3
Mean of the operating cost of airplane is per hour and the standard deviation is .
Let be the random variable.
Now,