Question
Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of12million dollars and a standard deviation
Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of12million dollars and a standard deviation of1.1million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom15%of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry intermediate computations to at least four decimal places. Round answer to at least one decimal place.
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