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Assume the average nightly payroll for a city's downtown restaurants on the weekend is $2500 with a standard deviation of $350. The distribution has a
Assume the average nightly payroll for a city's downtown restaurants on the weekend is $2500 with a standard deviation of $350. The distribution has a bell-shaped curve. What is the payroll cost for the lowest 5% of downtown restaurants? Respond only with the dollar amount and round to the nearest dollar.
Hint: Your z-value will have a digit in the thousandths place and direction of the graph will matter.
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