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What is the cost for the highest domestic airfares

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The mean cost of domestic airfares in the United States rose to an all-time high of $370 per ticket. 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 $120.

What if the probability that a domestic airfare is between $310 and $510?

What is the cost for the 3% highest domestic airfares?

Reference no: EM132858362

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