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    Normal Distribution

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    Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean $2100 per hour and a standard deviation of $250. What is the operating cost for the lowest 3 percent of the airplanes?

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    Assume that the mean hourly cost to operate a commercial airplane follows the normal distribution with a mean $2100 per hour and a standard deviation of ...

    Solution Summary

    The solution provides probability calculations using normal distribution.

    $2.19