SOLUTION: A medical equipment companies had a mean of 60 million dollars with a standard deviation of 15 million. Find the percentage of companies with revenue greater than 86 million dollar
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Question 1083983: A medical equipment companies had a mean of 60 million dollars with a standard deviation of 15 million. Find the percentage of companies with revenue greater than 86 million dollars. Assume that the distribution is normal. Round your answer to the nearest hundredth.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
z=(x-u)/sd
z>(86-60)/15
z>26/15, or z>+1.73 which is 0.0418 or 0.04.
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