2. Automobile Repair Costs. Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S. News & World Report website). 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 $450? b) What is the probability that the cost will be less than $250? c) What is the probability that the cost will be between $250 and $450? d) If the cost for your car repair is in the lower 5% of automobile repair charges, what is your cost?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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2. Automobile Repair Costs. Automobile repair costs continue to rise with the average
cost now at $367 per repair (U.S. News & World Report website). 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 $450?
b) What is the probability that the cost will be less than $250?
c) What is the probability that the cost will be between $250 and $450?
d) If the cost for your car repair is in the lower 5% of automobile repair charges,
what is your cost?
Transcribed Image Text:2. Automobile Repair Costs. Automobile repair costs continue to rise with the average cost now at $367 per repair (U.S. News & World Report website). 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 $450? b) What is the probability that the cost will be less than $250? c) What is the probability that the cost will be between $250 and $450? d) If the cost for your car repair is in the lower 5% of automobile repair charges, what is your cost?
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