Two companies, A and B, drill wells in a rural area. Company A charges a flat fee of 3008 dollars to drill a well regardless of its depth. Company B charges 884 dollars plus 12 dollars per foot to drill a well. The depths of wells drilled in this area have a normal distribution with a mean of 245 feet and a standard deviation of 35 feet. Find the probability that Company B would charge more than Company A to drill a well. Round your answer to four decimal places. P = i
Two companies, A and B, drill wells in a rural area. Company A charges a flat fee of 3008 dollars to drill a well regardless of its depth. Company B charges 884 dollars plus 12 dollars per foot to drill a well. The depths of wells drilled in this area have a normal distribution with a mean of 245 feet and a standard deviation of 35 feet. Find the probability that Company B would charge more than Company A to drill a well. Round your answer to four decimal places. P = i
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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