Determine the level of annual sales revenue

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A firm's marketing manager believes that annual sales revenue for the firm next year can be modelled using a normal distribution with a (population) mean of $3.5 million and a (population) standard deviation of $0.3 million.

Problem 1: What is the probability that the firm's annual sales revenue will be less than $3.4 million?

Problem 2: Determine the level of annual sales revenue that has 99.6% of values above it.

Reference no: EM132987220

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