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Suppose that the daily profit at a retail store is normally distributed with mean INR 0.32 million. Moreover, it has been found that profit is
Suppose that the daily profit at a retail store is normally distributed with mean INR 0.32 million. Moreover, it has been found that profit is more than INR 0.7 million on 10% of the days. What is the APPROXIMATE fraction of days on which the store makes a loss?
a.
0.14
b.
0.25
c.
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d.
0.01
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