Assume that the mean hourly cost to operate a commercial airplane follows the normal

Chapter 0, Problem 25

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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?

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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,

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