What is the probability that company b would charge more

Assignment Help Basic Statistics

Reference no: EM13545524

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: EM13545524

Questions Cloud

What is your speed in mph and ft/s need formulas : You are driving a car your metered fuel flow is 5.97x10^5 csf if at the speed you are driving you are getting 40mpg what is your speed in mph and ft/s need formulas.

Find the intersection. how do you find the system curve : Find the cooling load (in tons of refrigeration) for a room supplied with 10,000 CFM of 95 DB outside air with ratio of 105 gr/lb. The room is to be maintained at 78 DB and humidity ratio of 71.5 gr/lb. The room calculated sensible heat load is 108,0..

Find the single-pipe diameter equivalent to two : Now, knowing ?hp or hl in the 1000’ parallel section, find the single-pipe diameter equivalent to two 12” dia ones. Assume high Rh, so Fig 9.11 applies.

Is this close to the transmission capacity within the system : Say the availability of supply is 60% to, and through Tank “A”, and 40% supplying tank B. Is this close to the transmission capacity within the system to J and C? If not, what do you suggest?

What is the probability that company b would charge more : 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 dist..

Project-organisation development plan : Restructure management and realign all the job roles for maximum utilisation of available human resources -Implement one of the training programs in a proposed department

What guidelines will you develop for supervisors to success : You are the Human Resources manager for large distribution site. Your recent employee opinion survey indicated that overall, employees felt that this was a good place to work

What other approaches could starwood or its competitors use : Starwood is the first major hotel brand to commit to a dedicated six-Sigma program for improving quality. Why might an organization be reluctant to follow this type of formalized methodology? What other approaches could Starwood or its competitors us..

What would you prioritize for your long-term : What factors operate in the VDOT’s general and specific/internal environment, and what impact did this have on the VDOT’s effectiveness?

User Account

All Pages