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    Prob: Normal probability distribution




    The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket (Bureau of Transportation Statistics website, November 2, 2012). Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110.

    a. What is the probability that a domestic airfare is $550 or more (to 4 decimals)?

    b. What is the probability than a domestic airfare is $250 or less (to 4 decimals)?

    c. What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)?

    d. What is the cost for the 3% highest domestic airfares?
    $ or

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    Re: Prob: Normal probability distribution


    Hi! We are glad that you posted here! This looks like a homework question though. Our homework help policy can be found here. We mainly just want to see what you have tried so far and that you have put some effort into the problem. I would also suggest checking out this thread for some guidelines on smart posting behavior that can help you get answers that are better much more quickly.
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