The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B. C. What is the probability that a domestic airfare is $560 or more (to 4 decimals)? What is the probability that a domestic airfare is $260 or less (to 4 decimals)? What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)? I What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) or - Select your answer - ♥

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Appendix B: Tables
TABLE 1 CUMULATIVE PROBABILITIES FOR THE STANDARD NORMAL
DISTRIBUTION
Entries in the tah
z value. For example, fo
probability is 1977.
DISTRIBUTIONROBABILITIES FOR THE STANDARD NORMA
sbily Entries in the table
phe the arca undker I
z value. For example, fo
peobubility is R944
中テ :?7799 77979
Transcribed Image Text:Appendix B: Tables TABLE 1 CUMULATIVE PROBABILITIES FOR THE STANDARD NORMAL DISTRIBUTION Entries in the tah z value. For example, fo probability is 1977. DISTRIBUTIONROBABILITIES FOR THE STANDARD NORMA sbily Entries in the table phe the arca undker I z value. For example, fo peobubility is R944 中テ :?7799 77979
D The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total
ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are
normally distributed with a standard deviation of $110. Use Table 1 in Appendix B.
What is the probability that a domestic airfare is $560 or more (to 4 decimals)?
What is the probability that a domestic airfare is $260 or less (to 4 decimals)?
What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)?
I What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar)
or - Select your answer - ♥
Transcribed Image Text:D The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B. What is the probability that a domestic airfare is $560 or more (to 4 decimals)? What is the probability that a domestic airfare is $260 or less (to 4 decimals)? What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)? I What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) or - Select your answer - ♥
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