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[answered] Assume that the hourly cost to operate a commercial airplan


Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $5,062 per hour and a standard deviation of $392.

?

What is the operating cost for the lowest 5% of the airplanes??(Round?z?value to 2 decimal places and round final answer to nearest whole dollar.)

?

??Operating cost $???

?


P (X < x0 ) = 0.05

 

Normal Distribution, ? = 5062, ? = 392, ? = 5062

 

? = 392

 

0.05 X

 

x0

 

5062

 

P (X < x0 ) = 0.05

 



 



 



 



 

x0 ? ?

 

x0 ? ?

 

X ??

 

<

 

= 0.05 ? P Z <

 

= 0.05

 

?P

 

?...

 


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