A high end store is looking to open new stores, but requires that 85% of the households in a community have an income of $90,000 or more in order to support the store. If the household incomes in a certain community are normally distributed with a mean of $98,000 and a standard deviation of $5,000, will the store open in that community? Explain why or why not.

A high end store is looking to open new stores, but requires that 85% of the households in a community have an income of $90,000 or more in order to support the store. If the household incomes in a certain community are normally distributed with a mean of $98,000 and a standard deviation of $5,000, will the store open in that community? Explain why or why not.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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