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Humber's Financial Services Program is offering a post-diploma program, Securities and Investments. Students must write an admission test before acceptance into the program. The scores on the admission test are normally distributed with a mean score of 146 and a standard deviation of 12. If admission to the program is based entirely on the score on the admission test and only the top 9% will be accepted, find the cutoff score for gaining admission to the Securities and Investment Program. Use Excel to answer the question.

Humber's Financial Services Program is offering a post-diploma program, Securities and Investments. Students must write an admission test before acceptance into the program. The scores on the admission test are normally distributed with a mean score of 146 and a standard deviation of 12. If admission to the program is based entirely on the score on the admission test and only the top 9% will be accepted, find the cutoff score for gaining admission to the Securities and Investment Program. Use Excel to answer the question.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Humber's Financial Services Program is offering a post-diploma program, Securities and Investments. Students must write an admission test before acceptance into the program. The scores on the admission test are normally distributed with a mean score of 146 and a standard deviation of 12. If admission to the program is based entirely on the score on the admission test and only the top 9% will be accepted, find the cutoff score for gaining admission to the Securities and Investment Program. Use Excel to answer the question. Round your answer 2 decimal places. Next Question
Transcribed Image Text:Humber's Financial Services Program is offering a post-diploma program, Securities and Investments. Students must write an admission test before acceptance into the program. The scores on the admission test are normally distributed with a mean score of 146 and a standard deviation of 12. If admission to the program is based entirely on the score on the admission test and only the top 9% will be accepted, find the cutoff score for gaining admission to the Securities and Investment Program. Use Excel to answer the question. Round your answer 2 decimal places. Next Question
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