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29 September, 15:39

Suppose the round-trip airfare between boston and orlando follows the normal probability distribution with a mean of $387.20 and a standard deviation of $68.50. what is the probability that a randomly selected airfare between boston and san francisco will be more than $450?

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  1. 29 September, 16:03
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    To get the probability that randomly selected airfare between Boston and San Francisco will be more than $450, we proceed as follows:

    the z-score is given by:

    z = (x-μ) / σ

    thus the z-score for our information will be:

    z = (450-387.20) / 68.50

    z=0.9168

    hence our probability will be:

    P (X>x) = 1-P (z)

    P (z) = 0.8212

    thus

    P (X>x) = 1-0.8212=0.1788~17.88%
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