SOLUTION: Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,500 per hour and a standard deviation of $195. What is th

Algebra ->  Probability-and-statistics -> SOLUTION: Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,500 per hour and a standard deviation of $195. What is th      Log On


   



Question 1126138: Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean of $2,500 per hour and a standard deviation of $195.

What is the operating cost for the lowest 4 percent of the airplanes? (Round z value to 2 decimal places. Omit the "$" sign in your response.)

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
z for 0.04 is -1.75
z=(x-mean)/sd
-1.75=(x-2500)/195
-341.25=x-2500
x=2158.75