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
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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
Transcribed Image Text: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
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