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The Arc Electronic Company had an income of 56 56 million dollars last year. Suppose the mean income of firms in the same industry as
The Arc Electronic Company had an income of 56
56 million dollars last year. Suppose the mean income of firms in the same industry as Arc for a year is 55
55 million dollars with a standard deviation of 1
1 million dollars. If incomes for this industry are distributed normally, what is the probability that a randomly selected firm will earn more than Arc did last year? Round your answer to four decimal places.
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