document.write( "Question 1037031: Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $3,985 per hour and a standard deviation of $440.
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document.write( "What is the operating cost for the lowest 2% of the airplanes? (Round z value to 2 decimal places and round final answer to nearest whole dollar.)
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document.write( " Operating cost $ \r
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Algebra.Com's Answer #651783 by stanbon(75887) ![]() You can put this solution on YOUR website! Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $3,985 per hour and a standard deviation of $440. \n" ); document.write( "---------------------------- \n" ); document.write( "What is the operating cost for the lowest 2% of the airplanes? (Round z value to 2 decimal places and round final answer to nearest whole dollar.) \n" ); document.write( "----------------------------------------- \n" ); document.write( "Find the z-value with a left-tail of 2% \n" ); document.write( "invNorm(0.02) = -2.054 \n" ); document.write( "Find the corresponding x-value using x = z*s + u \n" ); document.write( "---- \n" ); document.write( "x = -2.054*440+3985 = $3081.35\r \n" ); document.write( "\n" ); document.write( "Operating cost $3081.35 \n" ); document.write( "-------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "------------ \n" ); document.write( " |