Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TS Marketing Research Company has claimed that part-time students' annual incomes were normally distributed with a mean income of $30,000 and a standard deviation of

image text in transcribed
TS Marketing Research Company has claimed that part-time students' annual incomes were normally distributed with a mean income of $30,000 and a standard deviation of $3000. a. what will be the minimum income for the lowest 5%? my teacher said the answer is $25,065, can u tell me the workings to reach that answer, please? ' G

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry A Unit Circle Approach

Authors: Michael Sullivan

10th Edition

0321999347, 9780321999344

More Books

Students also viewed these Mathematics questions

Question

What do you like to do in your spare time?

Answered: 1 week ago