Question
Monthly spending on entertainment is recorded for different households and follows a Normal distribution with a mean of $243 with a standard deviation of $38.
Monthly spending on entertainment is recorded for different households and follows a Normal distribution with a mean of $243 with a standard deviation of $38.
What is the value for monthly spending on entertainment above which 70% of observations would occur?
Answer in dollars to the nearest cent (two decimal places).
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Complex Analysis
Authors: Dennis G Zill, Patrick D Shanahan
3rd Edition
1449694624, 9781449694623
