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Mathematics, 04.12.2020 17:00 jeffhuffle17
Two companies, A and B, drill wells in a rural area. Company A charges a flat fee of 3681 dollars to drill a well regardless of its depth. Company B charges 1168 dollars plus 10 dollars per foot to drill a well. The depths of wells drilled in this area have a normal distribution with a mean of 260 feet and a standard deviation of 40 feet. Find the probability that Company B would charge more than Company A to drill a well.
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Two companies, A and B, drill wells in a rural area. Company A charges a flat fee of 3681 dollars to...
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