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Distribution of miles

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Suppose the distribution of miles driven on four-year leases follows the normal distribution with a mean of 53,000 miles and Standard deviation 5000 miles. The automobile company would like to include a $0.10 per mile penalty for excessive mileage to the terms of the lease. What mileage limit would result in 20% of the leases being over the limit? (Round your answer to one decimal to the right.)

Reference no: EM132113535

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