You want to know the percentage of utility companies that earned revenue greater than 94 million dollars. If the mean revenue was 60 million dollars and the data has a standard deviation of 15 million, find the percentage. Assume that the distribution is normal. Round your answer to the nearest hundredth.

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...
icon
Related questions
Question

You want to know the percentage of utility companies that earned revenue greater than 94 million dollars. If the mean revenue was 60 million dollars and the data has a standard deviation of 15 million, find the percentage. Assume that the distribution is normal. Round your answer to the nearest hundredth.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON