Air transport association of america

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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 $166 per hour.

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

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

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

Reference no: EM132523024

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