Consider the distribution of monthly Social Security (OASDI) payments. Assume a normal distribution with a standard deviation

Question:

Consider the distribution of monthly Social Security (OASDI) payments. Assume a normal distribution with a standard deviation of $120. Ifone-fourth of the payments are above $1255.94, what is the mean monthly payment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: