Petrol claim. Assume that the monthly petrol claim (in dollars) made by a salesperson to their company

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Petrol claim. Assume that the monthly petrol claim

(in dollars) made by a salesperson to their company can be modeled with N(1000, 105). An accountant is generally concerned if the monthly petrol claim made by her company’s salespersons are higher than a certain amount. What amount of claim would you consider to be unusually high?

Explain.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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