Problem: b) http://cl.ly/image/3a3l3142432M
Attempt: I find the cost to be 458 000 . See calculations in the link and/or my thoughts here:
Let cost be c.
F_Z(\frac{c-500000}{50000})=0.2$ and then I find $z=0.84$ gives $P=0.8
Thus z=-0.84=\frac{c-500000}{50000}$
Am I right? I've got no solutions-manuel.