Automobile repair costs continue to rise with the average cost now at $367 per repair. Assume that the cost for an autom

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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 Autom 1 (57.85 KiB) Viewed 81 times

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 about the cost of automobile repairs. (a) What is the probability that the cost will be more than $480? (Round your answer to four decimal places.) (b) What is the probability that the cost will be less than $250? (Round your answer to four decimal places.) (c) What is the probability that the cost will be between $250 and $480? (Round your answer to four decimal places.) (d) If the cost for your car repair is in the lower 5% of automobile repair charges, what is your maximum possible cost in dollars? (Round your answer to the nearest cent.)