Solution-Size of revenue in the best 10 percent of the years

Size of revenue in the best 10 percent of the years

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Reference no: EM132250252

A state's turnpike authority finds its annual toll revenues to be normally distributed with a mean of $700,000 and a standard deviation of $50,000. The manager wants to know:

A. the size of revenue in the best 10 percent of the years.

B. the probability that next year's operating expenses of $680,000 will be covered.

Reference no: EM132250252

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Size of revenue in the best 10 percent of the years : A state's turnpike authority finds its annual toll revenues to be normally distributed with a mean of $700,000 and a standard deviation of $50,000

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Size of revenue in the best 10 percent of the years

Reference no: EM132250252

Reference no: EM132250252

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