1. 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.
Find the mean amount charged by Company B to drill a wall.
2. Jenn Bard, who lives in San Francisco Bay area, commutes by car from home to work. She has found out that it takes her an average of 28 minutes for this commute in the morning. However, due to the variability in the traffic situation every morning, the standard deviation of these commutes is 5 minutes. Suppose the population of her morning commute times has a normal distribution with a mean of 28 minutes and a standard deviation of 5 minutes. Jenn has to be at work by 8:30AM every morning. By what time must she leave home in the morning so that she is late for work at most 1% of the time?