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Normal Distribution Q6

The sales department has determined that the average purchase value for their catalog business is normally distributed with a

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Answer #1

X ~ ŅĢı = 32.46, σ= 17.98)

Z = ( X - \mu ) / \sigma

40 Percentile = 0.40

Looking for the probability 0.40 in standard normal table to calculate critical value Z

-0.25 (X-32.46)/17.98

X = 27.965  \approx 28.0


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