4. Studies show that petrol use for cars sold in the Malaysia is normally distributed, with a mean of 35.5 km per liter (kml-¹) and a standard deviation of 4.5 kml¹. What percentage of car get 40 kml¹ or more? In times of scarce energy resources, a competitive advantage is given to an automobile manufacturer who can produce a car that has substantially better fuel economy than the competitors' cars. If a manufacturer wishes to develop a car that beats 95% of the current compacts in fuel economy, what must the petrol use rate for the new car be?
4. Studies show that petrol use for cars sold in the Malaysia is normally distributed, with a mean of 35.5 km per liter (kml-¹) and a standard deviation of 4.5 kml¹. What percentage of car get 40 kml¹ or more? In times of scarce energy resources, a competitive advantage is given to an automobile manufacturer who can produce a car that has substantially better fuel economy than the competitors' cars. If a manufacturer wishes to develop a car that beats 95% of the current compacts in fuel economy, what must the petrol use rate for the new car be?
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.16P
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