Computing Normal Probability 1
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Last Updated:
19-Jul-23
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Automobile repair costs continue to rise with the average cost now at $367 per repair.
Assume that the cost for an automobile repair is normally distributed with a standard deviation of $88. Answer the following questions:
What is the probability that the cost will be more than $450?
What is the probability that the cost will be less than $250?
What is the probability that the cost will be between $250 and $450?
If the cost for your car repair is in the lower 5% of automobile repair charges, what is your cost?