User Account

All Pages

Math help two companies a and b drill wells in a rural area

Assignment Help Basic Statistics
Reference no: EM13625088

Two companies, A and B, drill wells in a rural area. Company A charges a flat fee of $3500 to drill a well regardless of its depth. Company B charges $1000 plus $12 per foot to drill a well. The depths of wells drilled in this area have a normal distribution with a mean of 250 feet and a standard deviation of 40 feet. What is the probability that Company B would charge more than Company A to drill a well?

Reference no: EM13625088

Questions Cloud

A string is wrapped around a pulley that consists of a disc : a string is wrapped around a pulley that consists of a disc of mass 2 kg and radius 0.3 m. hanging from the string is a
A 50 kg crate rests on a rough horizontal surface with : a 50 kg crate rests on a rough horizontal surface with microk0.3. an electrically powered winch is utilize to
A steam power plant receives 1000 btus in the boiler at : a steam power plant receives 1000 btus in the boiler at 1250 f and discharges 600 btus in the condenser at 80 f. the
A submarine dives to a depth of 302 feet in the ocean what : a submarine dives to a depth of 302 feet in the ocean. what is the force in pounds acting on a hatch that has an area
Math help two companies a and b drill wells in a rural area : two companies a and b drill wells in a rural area. company a charges a flat fee of 3500 to drill a well regardless of
The security council has 11 members with the usa russia : the security council has 11 members with the usa russia china france and the uk as permanent members. if at a meeting
A what is the resulting angular speed of the platform and b : a man stands on a platform that is rotating without friction with an angular speed of 0.639 revs his arms are
A 3000-lb car accelerates under constant power from 60 : a 3000-lb car accelerates under constant power from 60 mileh to 90 mileh on a 0.25 mile straight level test track.
The 078 kg bob of a pendulum is fired from rest at position : the 0.78 kg bob of a pendulum is fired from rest at position a by a spring which has a stiffness of k 1.62 knm. the

Reviews

Write a Review

Basic Statistics Questions & Answers

  Ninety-percent confidence interval

Suppose we wish to estimate the true population of HSB students who own cars. We randomly sample 100 HSB students and find 20 students own a car.

  Test the claim that tutoring has an effect on math scores

Using a 0.01 level of significance, test the claim that the tutoring has an effect on the math scores.

  Estimate probability at least two of stocks increase value

Remaining the same value. Estimate the probability at least two of the stocks increase in value. Estimate the probability at least two of the stocks increase in value.

  Decision to continue to use financial advisor

Your financial advisor sees this and tells you there is a 100% chance XYZ stock will gain over the 2-month period. Would you continue to use this financial advisor? Explain.

  Determine lottery-s expected profit per ticket

2 prizes of $1250, and 1 prize of 3000. Assume that 22,000 lottery tickets are issues and sold for $1. What is the lottery's expected profit per ticket?

  The heights of 18-year-old men are normally distributed

the heights of 18-year-old men are normally distributed with a mean of 68 inches and a standard deviation of 3 inches.

  Confidence interval-sample size-population proportion

Describe the population of interest and calculate the numerical value of the statistic that that the EPA will use to estimate p. Construct a 95% confidence interval for the proportion of Americans who live in neighborhoods with acceptable levels of ..

  Find the probability that all the people have blue eyes

What is the probability that they all have blue eyes? Would it be unusual to randomly select four people and find that they all have blue eyes? Why or why not?

  Determining confidence interval for the mean price

Find the confidence interval for the mean price, μ, of all dealer sticker prices of new cars: for a confidence level of 90% in thousands of dollars:

  Determine the probability that this student gets either

a student is taking a true-false exam with 20 questions. assuming that this student guesses at all the 20 questions.i.

  A production process is set to manufacture bolts with a

a production process is set to manufacture bolts with a diameter of 0.5 inches. the process has a standard deviation of

  A survey has revealed that 75 of all college students study

a survey has revealed that 75 of all college students study. it is also known that 85 of all students who study will

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd