devonhopkins13 devonhopkins13

03-11-2020
Mathematics

contestada

A ride-sharing company claims that the cost of rides follows a Normal distribution with a mean of $10.52. After
paying for a ride from this company, a rider reports that his price is in the 85th percentile of all other riders' prices. If
this rider paid $15.93, what is the approximate standard deviation of this company's ride-sharing cost?

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roxymarieb roxymarieb

16-11-2020

Answer:

$5.20

Step-by-step explanation:

According to the Z-Score chart, the 85th percentile has a z-score of 1.04 and if you put that in the z-score equation (15.93-10.52)/x=1.04. Solve for x and you get $5.20.

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