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Suppose that hourly wages follow a normal distribution with mean = $30 and standard deviation = $10. A politician wants to provide reduced tuition for
Suppose that hourly wages follow a normal distribution with mean = $30 and standard deviation = $10. A politician wants to provide reduced tuition for all individuals falling below a certain wage rate, but this politician wants to make sure that only 1.7% (or 0.017) of people in the population qualify for this benefit. What should the wage cutoff be for individuals to receive reduced tuition? Make sure to show your work and use the standard normal distribution table provided for this class in working out your solution
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