What is the probability that company would charge

Reference no: EM13545219

Question: 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: EM13545219

Questions Cloud

Explain what temperature is required to contain gas : What temperature is required to contain gas in a 525 mL flask at 1.23 atm if it originally occupied 555 mL at 755mmHg and 18 degrees celcius

Find does the person hear the tone : A 1,720-Hz pure tone is played on a stereo in an open field. A per- son stands at a point that is 4 m from one of the speakers and 4.4 m from the other. Does the person hear the tone

Explain the neutralization standard for sodium hydroxide : Potassium hydrogen phthalate (also known as KHP) KHC8H4O4, is frequently used a the neutralization standard for sodium hydroxide. What mass of KHP will react with 25.00 mL of 1.654 M NAOH

Find the voltage on the surface of the sphere : A point charge Q is placed inside a hollow metal sphere of radius R. The sphere is hold no net charge. What is voltage on the surface of the sphere

What is the probability that company would charge : What is the probability that Company B would charge more than Company A 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.

Explain what if the lewis structure forms an octet : what if the lewis structure forms an octet around the central atom, does it matter than where the dots are

Explain the tensile strength decreases while the ductility : Explain why the tensile strength decreases while the ductility increases during the annealing process.

Estimate what is the mass of the meter stick : A meter stick is supported on a fulcrum at the 35 cm mark. A 0.70 kg object is hung from the zero end of the meter stick, What is the mass of the meter stick

What would be cost to van doren of the discounts taken : What would be the cost to Van Doren of the discounts taken, what would be the incremental bad debt losses if the change were made and what would be the incremental cost of carrying receivables if the change were made

User Account

All Pages