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Question

According to the Air Transport Association of America, the average operating cost of an MD-80 jet airliner is

$2,087 per hour. Suppose the operating costs of an MD-80 jet airliner are normally distributed with a standard deviation of $161 per hour.


(Round the value of z to 2 decimal places. Round your answers to 2 decimal places.)


(a) At what operating cost would only 23% of the operating costs be less?


$

enter the dollar amount at which only 23% of the operating costs would be less

 


(b) At what operating cost would 65% of the operating costs be more?


$

enter the dollar amount at which 65% of the operating costs would be more

 


(c) What operating cost would be more than 85% of operating costs?


$

enter the dollar amount that would be more than 85% of operating costs

 

Top Answer

We have been provided with the following; = $2,087, =161 (a) At what operating cost would only 23% of the operating... View the full answer

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